Noam Aziz & Samuel Mukamal Represent Ice Cream Shop In Bronx Retail Lease
4720 Third Avenue
$120
$120/SF
Building Size
1,038 SF
Asset Type
Retail
Closing
Jun 1, 2024
AI
The retail property located at 4720 Third Avenue in Bronx was leased to an ice cream shop. The deal involved an asking rent of $120 per square foot for a total space of 1,038 square feet. The landlords, Jack & Ray Yadidi of Sioni Group, facilitated the lease agreement with the ice cream shop.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4720 Third Avenue
- Market: Bronx
- Asset Type: Retail
- Landlord: Jack & Ray Yadidi - Sioni Group
- Tenant: Ice Cream Shop
- Landlord's Rep: Greg Parassio - Booth Street
- Tenant's Rep: Noam Aziz & Samuel Mukamal - Meridian Capital Group
- Asking Rent: $120 per square foot
- Lease Type: Retail Lease
Noam Aziz and Samuel Mukamal from Meridian Capital Group represented the ice cream shop as their tenant's representatives in the leasing transaction. Greg Parassio from Booth Street acted as the landlord's representative, ensuring a successful agreement between the parties involved.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93