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410 East 189th Street

Oren Sendowski Leases Retail Space To IHOP At 410 East 189th Street Bronx For $45/ft
LEASEDRetail

Oren Sendowski Leases Retail Space To IHOP At 410 East 189th Street Bronx For $45/ft

410 East 189th Street

$45

$45/SF

Building Size

4,900 SF

Asset Type

Retail

Closing

Jan 15, 2025

AI

The asset involved in this closed transaction is a retail property located at 410 East 189th Street in the Bronx market. The property has a square footage of 4,900 and is leased under a Single Net Lease agreement. The asking rent for this space was set at $45 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $45/ft
  • Address: 410 East 189th Street
  • Market: Bronx
  • Lease Type: Single Net Lease
  • Landlord: Oren Sendowski
  • Tenant: IHOP
  • Brokers: Steve Lorenzo & Jeffrey Lopez - Lee & Associates

The key individuals involved in this transaction include Oren Sendowski, the landlord, and the tenant, IHOP. The transaction was facilitated by brokers Steve Lorenzo and Jeffrey Lopez from Lee & Associates, who represented the parties in this lease agreement.

Players

Steve Lorenzo

Lee & Associates

Broker

$112.8M

vol

23 deals

Broker

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93