Comfort Creations Signs Ground Lease For Retail Space At 363 East Fordham Road In Fordham, Bronx
363 East Fordham Road
$60
$60/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Oct 1, 2023
About this deal
AI
The retail property located at 363 East Fordham Road in Fordham, Bronx has been leased. The property, with a square footage of 4,000 square feet, was involved in a ground lease transaction. The landlords of the property are Alan Jemal, Steve Jemal, and Ruth Jemal, while the tenant is Comfort Creations. The lease deal was facilitated by Solomon Sharaby and Nathan Aballi of KSR, representing the tenant.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not Available
- Asking Rent: $60 per square foot
- Square Footage: 4,000
- Date: 10/01/2023
- Market: Fordham, Bronx
Comfort Creations secured the lease agreement for the retail property at 363 East Fordham Road. The deal was finalized under the guidance of Solomon Sharaby and Nathan Aballi from KSR. No additional details regarding the lease transaction were provided.
On the Map
$60
$60/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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93