Fred Sabzevari Leases Retail Space To Adobo Mexican Grill At 58 West Fordham Road Bronx
58 West Fordham Road
$81
$81/SF
Building Size
1,700 SF
Asset Type
Retail
Closing
May 12, 2025
AI
The property asset involved in this transaction is located at 58 West Fordham Road in the Bronx. The asset type is retail, with a lease type classified as a Modified Gross Lease. The asking rent for this property is $81 per square foot, and the total square footage is 1,700.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $81/ft
- Square Footage: 1,700
- Address: 58 West Fordham Road
- Market: Bronx
- Landlord: Fred Sabzevari
- Tenant: Adobo Mexican Grill
- Tenant's Representative: Danny Heredia - Meridian Capital Group
This transaction involved key individuals, including Fred Sabzevari, who served as the landlord, and Danny Heredia representing the tenant, Adobo Mexican Grill, in the leasing process. Their collaboration facilitated this retail lease agreement in the Bronx market.
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
195839.51%
Cash-on-Cash
-55971.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93