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
About this deal
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.
On the Map
$65
$65/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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93