Alan Jemal Leases Retail Space To Burnside Optical At 38 West Burnside Avenue In Bronx
38 West Burnside Avenue
$70
$70/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 24, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 38 West Burnside Avenue in the Bronx. The lease type is a retail lease with an asking rent of $70 per square foot for a total of 2,000 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $140,000
- Address: 38 West Burnside Avenue
- Market: Bronx
- Landlord: Alan Jemal
- Tenant: Burnside Optical
- Landlord's Representative: Solomon Sharaby - KSR
- Tenant's Representative: Meyer Saff - Retail Zone
The deal showcases the efforts of Solomon Sharaby representing the landlord, while Meyer Saff represents the tenant in securing the lease for Burnside Optical. This transaction reflects the collaboration between the involved broker representatives in facilitating the deal.
On the Map
$70
$70/SF
Retail
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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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93