Elin Spring Leases Retail Space To The Wok Chinese Kitchen For $90 Per Foot In Bronx
812 West Fordham Road
$90
$90/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Apr 20, 2026
AI
The property asset involved in the transaction is located at 8-12 West Fordham Road in the Bronx. It is a retail property with an asking rent of $90 per square foot and a total square footage of 1,800. The lease type for this transaction is a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $162,000
- Landlord: Elin Spring
- Tenant: The Wok Chinese Kitchen
- Brokers: Noam Aziz & Daniel Zacaim - Meridian Capital Group
- Date of Transaction: 4/21/2026
Noam Aziz and Daniel Zacaim are the brokers representing this lease transaction, affiliated with Meridian Capital Group, overseeing the agreement between the landlord Elin Spring and tenant The Wok Chinese Kitchen.
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93