Empire Gourmet Deli Signs Lease At 360 East 197th Street In Bronx With Edmund Shammah As The Broker
360 East 197th Street
$45
$45/SF
Building Size
950 SF
Asset Type
Retail
Closing
Jun 30, 2026
AI
The property asset involved in this transaction is a retail space located at 360 East 197th Street in the Bronx. The asking rent for this location is $45 per square foot, and the total square footage is 950. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $42,750
- Tenant: Empire Gourmet Deli
- Broker: Edmund Shammah - Safdie Realty Group
- Lease Date: 7/1/2026
This deal involves Edmund Shammah representing the tenant, Empire Gourmet Deli, in securing the lease for the retail space mentioned. Safdie Realty Group is the agency associated with this transaction.
Players
Market 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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93