KFC Signs Retail Lease At 373 East Fordham Road With Jem Realty
373 East Fordham Road, Bronx, NY 10458
Building Size
2,500 SF
Asset Type
Retail
Closing
Jun 29, 2018
About this deal
AI
The retail space located at 373 East Fordham Road has been leased. The property, spanning 2,500 square feet, was recently leased to KFC. The lease transaction was facilitated by KSR, represented by Solomon Sharaby & Albert Manopla, who acted as brokers for both the landlord, Jem Realty, and the tenant. The lease was finalized on June 30, 2018, and the asking rent for the space was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 373 East Fordham Road
- Market: Not specified
- Tenant: @KFC
- Landlord: Jem Realty
- Brokers: KSR - Solomon Sharaby & Albert Manopla
This retail lease deal involved KFC as the tenant and Jem Realty as the landlord. The brokers, Solomon Sharaby and Albert Manopla from KSR, represented both parties in the deal. The lease agreement was signed on June 30, 2018, and the asking rent for the 2,500 square feet space was $120 per square foot.
Players
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93