7th Street Burger Leases Retail Space At 396 East 149th Street From Landlord Alan Jemal
396 East 149th Street
$200
$200/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Feb 1, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 396 East 149th Street within The Hub market. The tenant, 7th Street Burger, has leased a total area of 1,200 square feet at a rent of $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 396 East 149th Street
- Market: The Hub
- Tenant: 7th Street Burger
- Landlord: Alan Jemal
- Rent/SF: $200
- Square Feet: 1200.0
The key individuals in this transaction include the landlord, Alan Jemal, representing the ownership of the retail space, and the tenant, 7th Street Burger, which is engaged in the leasing agreement at the specified property location.
On the Map
$200
$200/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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93