Mott Haven Discount Leases Retail Space At 537 East 138th Street In Bronx For $45/ft
537 East 138th Street
Building Size
9,500 SF
Asset Type
Retail
Closing
Jan 20, 2025
About this deal
AI
The retail asset located at 537 East 138th Street in the Bronx features a lease type classified as a Single Net Lease. The property spans 9,500 square feet, with an asking rent set at $45 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $427,500
- Address: 537 East 138th Street
- Market: Bronx
- Landlord: Louis Reichardt
- Tenant: Mott Haven Discount - Yingie Cai
- Landlord's Representative: Ezra Saff - Retail Zone
- Tenant's Representative: Steve Lorenzo - Lee & Associates
Yingie Cai represents the tenant Mott Haven Discount while Ezra Saff, associated with Retail Zone, represents the landlord Louis Reichardt. Additionally, Steve Lorenzo from Lee & Associates assists in the deal on behalf of the tenant.
On the Map
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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93