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940 Southern Boulevard

Verizon Wireless Leases Retail Space From Landlord Jane Goldman At 940 Southern Boulevard
LEASEDRetail

Verizon Wireless Leases Retail Space From Landlord Jane Goldman At 940 Southern Boulevard

940 Southern Boulevard

$100

$100/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Nov 1, 2024

AI

The retail asset located at 940 Southern Boulevard in the Bronx has a total square footage of 1,200. The asking rent for this property is set at $100 per foot. This transaction falls under the category of a retail lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $100/ft
  • Address: 940 Southern Boulevard
  • Market: Bronx
  • Landlord: Jane Goldman
  • Tenant: Verizon Wireless
  • Brokers: Solomon Sharaby, Albert Manopla & Selim Sabbagh - KSR
  • Lease Type: Retail Lease

The transaction was facilitated by brokers Solomon Sharaby, Albert Manopla, and Selim Sabbagh, all representing the landlord in this lease agreement. The involvement of KSR highlights their role in successfully closing this retail lease deal.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93