Amazing Discount World Leases Retail Space At 980 Westchester Avenue In Bronx With Landlord Peter Fine
980 Westchester Avenue, Bronx, NY 10459, USA
Building Size
18,000 SF
Asset Type
Retail
Closing
Dec 1, 2021
About this deal
AI
An 18,000 square-foot retail space located at 980 Westchester Avenue in Bronx has been leased to Amazing Discount World. The lease transaction was facilitated by brokers Marc Sitt, Eli Yadid, and Brandon Efap from KSR. The property is owned by Peter Fine. The asking rent for the space was $50 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 980 Westchester Avenue, Bronx
- Market: Bronx
Marc Sitt, Eli Yadid, and Brandon Efap from the KSR agency represented both the landlord, Peter Fine, and the tenant, Amazing Discount World, in the lease deal.
On the Map
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93