Mott Haven Discount Leases Retail Space At 537 East 138th Street In Bronx For $45/ft
537 East 138th Street
$45
$45/SF
Building Size
9,500 SF
Asset Type
Retail
Closing
Jan 20, 2025
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.
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