Nabil Chowdhury Leases Retail Space To Halal Munchies At 79 East Gun Hill Road
79 East Gun Hill Road
$120
$120/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Mar 4, 2025
AI
The property asset involved in this transaction is a retail space located at 79 East Gun Hill Road in the Bronx. The tenant, Halal Munchies, has entered into a modified gross lease with the landlord, Nabil Chowdhury. The asking rent for the space is $120 per square foot, with a total area of 1,200 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Square Footage: 1,200
- Address: 79 East Gun Hill Road
- Market: Bronx
- Landlord: Nabil Chowdhury
- Tenant: Halal Munchies
- Landlord's Rep: David Green & Albert Salameh - KSR
- Tenant's Rep: Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Lease Type: Modified Gross Lease
This transaction involved key representatives in the leasing process. The landlord was represented by David Green and Albert Salameh from KSR, while the tenant was represented by Noam Aziz and Carson Shahrabani from Meridian Capital Group.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93