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38 West Burnside Avenue

Alan Jemal Leases Retail Space To Burnside Optical At 38 West Burnside Avenue In Bronx
LEASEDRetail

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

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.

Players

Solomon Sharaby

Kassin Sabbagh Realty

Broker

$3M

vol

101 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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