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373 East 188th Street

OM Physical Therapy Signs Lease At 373 East 188th Street In Bronx With Sam Applegrad As Landlord
LEASEDRetail

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:

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

Joey Kafif

Safdie Realty Group

Broker

30 deals

Broker

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