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:
- Property Type: Retail
- Transaction Amount: $60/ft
- Square Footage: 800
- Address: 547 East 178th Street
- Market: Bronx
- Landlord: Rob Dunn
- Tenant: Evangelical Church Of The Good News
- Brokers: Dane Harlowe, Noam Aziz & Nathan Shabot - Meridian Capital Group
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
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