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396 East 149th Street

7th Street Burger Leases Retail Space At 396 East 149th Street From Landlord Alan Jemal
LEASEDRetail

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

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.

Players

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

178 deals

Broker
7B
7th Street BurgerTenant

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