Erika Lopez Leases Retail Space At 946 East Main Street Shrub Oak For Los Gabachos Restaurant
946 East Main Street
$5,450
$5,450/SF
Building Size
1,700 SF
Asset Type
Retail
Closing
Mar 31, 2026
AI
The property asset involved in the transaction is a retail space located at 946 East Main Street, Shrub Oak, in the Westchester market. The total square footage of the space is 1,700, with an asking rent of $40 per square foot. The lease term is set for 10 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Rayy Musa
- Tenant: Erika Lopez
- Broker: Lena Rivera
The key individuals in this transaction include the landlord, Rayy Musa, and the tenant, Erika Lopez, both of whom are integral to the leasing agreement. Lena Rivera serves as the broker facilitating the deal, bringing over a decade of property management experience across multiple counties, with a notable record of over 100 million dollars in building sales in the last three years.
Players
Shrub Oak 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
2910.64%
Cash-on-Cash
-831.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93