Ruth Jemal Leases Retail Space To Danny'S Furniture On White Plains Road
3967 White Plains Road
$25
$25/SF
Building Size
12,500 SF
Asset Type
Retail
Closing
Mar 1, 2024
About this deal
AI
The retail property located at 3967 White Plains Road in Wakefield, Bronx, was leased to Danny'S Furniture. The property spans 12,500 square feet, with an asking rent of $25 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Landlord: Ruth Jemal
- Tenant: Danny'S Furniture
- Brokers: Solomon Sharaby, Nathan Aballi, & Fred Jemal - KSR
- Lease Type: Retail Lease
Solomon Sharaby, Nathan Aballi, and Fred Jemal from KSR represented both the landlord, Ruth Jemal, and the tenant, Danny'S Furniture, in the lease transaction.
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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93