Daniel Sharga & Adam Malul Facilitate Retail Lease In Bronx For Javier JR E Bike Shop
458 East 138th Street
$60
$60/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jul 1, 2024
AI
The retail property located at 458 East 138th Street in Bronx has been leased to Javier JR E Bike Shop. The landlord, Shalom Malul - 458 East 138th Street Partner and the tenant have finalized a Retail Lease agreement with an asking rent of $60 per square foot for the 1,200 square feet space.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Shalom Malul - 458 East 138th Street Partner
- Tenant: Javier JR E Bike Shop
- Landlord's Rep: Adam Malul
- Tenant's Rep: Daniel Sharga - Meridian Capital Group
- Address: 458 East 138th Street, Bronx
- Market: Bronx
- Asset Type: Retail
- Asking Rent: $60/ft
- Lease Type: Retail Lease
Representing the landlord in this transaction is Adam Malul, while Daniel Sharga from Meridian Capital Group serves as the tenant's representative, facilitating the successful leasing of the retail space.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93