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
About this deal
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.
On the Map
$120
$120/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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93