Bronx Family Optical Leases Retail Space In Mott Haven's Harvey Building
369 East 149th Street
$150
$150/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Oct 1, 2022
About this deal
AI
The retail property located at 369 East 149th Street in Mott Haven has been leased. The property, measuring 4,000 square feet, was leased to Bronx Family Optical. The landlord of the property is The Harvey Building, owned by Sharone Hadora. The lease transaction was facilitated by Solomon Sharaby and Nathan Aballi of KSR.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Tenant: Bronx Family Optical
- Landlord: The Harvey Building - Sharone Hadora
- Brokers: Solomon Sharaby & Nathan Aballi - KSR
- Asking Rent: $150/ft.
The deal was brokered by Solomon Sharaby and Nathan Aballi of KSR, who represented the tenant in the lease. Bronx Family Optical will occupy the retail space at 369 East 149th Street, Mott Haven.
Players
New York 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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93