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547 East 178th Street

Evangelical Church Of The Good News Leases Retail Space At 547 East 178th Street Bronx
LEASEDRetail

Evangelical Church Of The Good News Leases Retail Space At 547 East 178th Street Bronx

547 East 178th Street

$60

$60/SF

Building Size

800 SF

Asset Type

Retail

Closing

Mar 26, 2025

AI

The property asset involved in the transaction is a retail space located at 547 East 178th Street in the Bronx. It occupies a total of 800 square feet with an asking rent of $60 per square foot. The lease type for this agreement is a Modified Gross Lease.

Summary of transaction details:

In this lease transaction, Rob Dunn acts as the landlord, while the tenant is the Evangelical Church Of The Good News. The brokers facilitating the deal from Meridian Capital Group are Dane Harlowe, Noam Aziz, and Nathan Shabot, representing the parties involved in the lease agreement.

Players

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker

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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93