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3823 East Tremont Avenue

Miles Sabbagh & Nathan Aballi Lease Retail Space To WingStop In Throggs Neck, Bronx
LEASEDRetail

Miles Sabbagh & Nathan Aballi Lease Retail Space To WingStop In Throggs Neck, Bronx

3823 East Tremont Avenue

$65

$65/SF

Building Size

1,250 SF

Asset Type

Retail

Closing

Jun 7, 2024

AI

The retail property located at 3823 East Tremont Avenue in Throggs Neck, Bronx, was leased to WingStop. The lease, facilitated by brokers Miles Sabbagh and Nathan Aballi of KSR, was signed with an asking rent of $65 per square foot for the 1,250 square foot space.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 3823 East Tremont Avenue
  • Market: Throggs Neck, Bronx
  • Landlord: Ken Seelaj
  • Tenant: WingStop
  • Brokers: Miles Sabbagh & Nathan Aballi - KSR
  • Asking Rent: $65/ft
  • Lease Type: Retail Lease

The deal involved Ken Seelaj as the landlord, leasing the property to the popular establishment WingStop. The negotiation was overseen by Miles Sabbagh and Nathan Aballi from KSR, showcasing the collaborative effort in finalizing the retail lease agreement.

Players

Nathan Aballi

Kassin Sabbagh Realty

Broker

$8.3M

vol

50 deals

Broker

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93