Wendys Signs Ground Lease At 342 East Fordham Road In East Fordham
342 East Fordham Road
$168
$168/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Oct 19, 2023
About this deal
AI
A retail property located at 342 East Fordham Road in the East Fordham market has been leased. The property is a ground lease with an asking rent of $168 per square foot for a total of 2,500 square feet.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $168/ft
- Square Footage: 2,500
- Lease Type: Ground Lease
- Address: 342 East Fordham Road
- Market: East Fordham
The landlord for this lease is Abe Ashkenazie, while the tenant is Wendys. Representing the landlord in this deal are Jack Hamadani, Solomon Sharaby, and Nathan Aballi from KSR. Eddie Mamiye is the representative for the tenant.
On the Map
$168
$168/SF
Retail
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Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
94422.62%
Cash-on-Cash
-26986.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93