Krispy Kreme Leases Retail Space In Bronx's Market, Represented By Solomon Sharaby, Albert Manopla & Neil Seth
396 East 149th Street, Bronx, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
May 31, 2021
About this deal
AI
The retail property located at 396 East 149th Street in Bronx has recently been leased.
Summary of transaction details
- Property Type: Retail
- Address: 396 East 149th Street
- Market: Bronx
- Tenant: Krispy Kreme
- Landlord: Joseph Jemal
The lease deal was facilitated by brokers Solomon Sharaby, Albert Manopla from Kassin Sabbagh Realty, and Neil Seth from CushWake. The property offers approximately 1,000 square feet of space for the Krispy Kreme store. The asking rent for the lease was $240 per square foot.
On the Map
Retail
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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