facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

378 East 149th Street, The ...

Chai Urgent Care Leases Retail Space In South Bronx With Brokers KSR
LEASEDRetail

Chai Urgent Care Leases Retail Space In South Bronx With Brokers KSR

378 East 149th Street, The Bronx, New York 10455, United States

Building Size

3,400 SF

Asset Type

Retail

Closing

Feb 28, 2022

AI

The retail property located at 378 East 149th Street in the South Bronx has been leased in a recent transaction. The property spans 3,400 square feet and was leased for an asking rent of $225 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Leased
  • Date: 03/01/2022
  • Address: 378 East 149th Street
  • Market: South Bronx
  • Landlord: Alan Jemal
  • Tenant: Chai Urgent Care - Eddy Salameh & Yoni Hadar
  • Brokers: Solomon Sharaby, Jack Khaski & Albert Manopla - KSR

The deal was facilitated by brokers Solomon Sharaby, Jack Khaski, and Albert Manopla from KSR. They represented both the tenant, Chai Urgent Care, and the landlord, Alan Jemal, in the transaction.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker
JR
Jem RealtyLandlord
CC
Chai Urgent CareTenant
Eddy Salameh

Eddy Salameh

Chai Urgent Care

Tenant

$1.4M

vol

15 deals

Tenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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