Ridgewood Savings Bank Leases Retail Space At 3951 White Plains Rd. In Bronx
3951 White Plains Road, The Bronx, New York 10466, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
Jun 30, 2022
About this deal
AI
Located at 3951 White Plains Rd in the Bronx, this retail property has recently been leased. The lease transaction was facilitated by Josh Augenbaum from Augenbaum Realty Corp. representing the tenant, Ridgewood Savings Bank. The property is owned by Alan Jemal.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 07/01/2022
- Address: 3951 White Plains Rd.
- Market: Bronx
- Asking Rent: $60/ft.
- Square Footage: 1,100
The deal was successfully closed with an asking rent of $60 per square foot for a total of 1,100 square feet. Alan Jemal acted as the landlord in this lease transaction, while Ridgewood Savings Bank became the tenant. Josh Augenbaum, representing Augenbaum Realty Corp., played a crucial role as the broker for the tenant in securing this lease agreement.
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