Albert Soleimani Leases Retail Space To Prime Mini Market At 511 East 163rd Street
511 East 163rd Street
$75
$75/SF
Building Size
1,850 SF
Asset Type
Retail
Closing
Apr 14, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 511 East 163rd Street in the Bronx. The asset is being leased under a Single Net Lease agreement with an asking rent of $75 per square foot, and it encompasses a total of 1,850 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Lease Type: Single Net Lease
- Address: 511 East 163rd Street
- Market: Bronx
- Landlord: Albert Soleimani
- Tenant: Prime Mini Market
- Brokers: Noam Aziz & Michael Escava - Meridian Capital Group
Noam Aziz and Michael Escava from Meridian Capital Group represented the landlord, Albert Soleimani, in this leasing transaction, facilitating the agreement with Prime Mini Market as the tenant.
On the Map
$75
$75/SF
Retail
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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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93