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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93