LEASEDRetail
Steven Chera Leases Retail Space To Fordham Cannabis At 53 West Fordham Road Bronx
53 West Fordham Road
$120
$120/SF
Building Size
1,750 SF
Asset Type
Retail
Closing
Feb 1, 2026
AI
The asset involved in this transaction is a retail space located at 53 West Fordham Road in the Bronx. The space spans 1,750 square feet and the asking rent was set at $120 per square foot.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $120/ft
- Landlord: Steven Chera
- Tenant: Fordham Cannabis
- Brokers: Solomon Sharaby & Ezra Falack - KSR
- Date: 2/2/2026
Solomon Sharaby and Ezra Falack represent KSR in this transaction, facilitating the lease agreement between the landlord, Steven Chera, and the tenant, Fordham Cannabis.
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