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58 West Fordham Road

Fred Sabzevari Leases Retail Space To Adobo Mexican Grill At 58 West Fordham Road Bronx
LEASEDRetail

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

Danny Heredia

Meridian Capital Group

Broker

5 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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