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
About this deal
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.
On the Map
$100
$100/SF
Retail
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93