OM Physical Therapy Signs Lease At 373 East 188th Street In Bronx With Sam Applegrad As Landlord
373 East 188th Street
$50
$50/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
May 18, 2025
AI
The retail asset located at 373 East 188th Street in the Bronx is now leased to OM Physical Therapy under a Modified Gross Lease. The asking rent for this property was set at $50 per square foot, covering an area of 2,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $50/ft
- Square Footage: 2,000
- Lease Type: Modified Gross Lease
- Landlord: Sam Applegrad
- Tenant: OM Physical Therapy
- Broker: Joey Kafif - Safdie Realty Group
- Date of Transaction: 5/19/2025
- Market: Bronx
Joey Kafif from Safdie Realty Group represented the landlord in the lease transaction. Safdie Realty Group specializes in landlord and tenant representation across Brooklyn, Bronx, Manhattan, Queens, and Staten Island, assisting clients in finding ideal spaces and locations.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93