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1155 Southern Boulevard

Joseph Riegler Leases 5,000 SF Industrial Space To El Maestro Boxing Gym At 1155 Southern Boulevard
LEASEDRetail

Joseph Riegler Leases 5,000 SF Industrial Space To El Maestro Boxing Gym At 1155 Southern Boulevard

1155 Southern Boulevard

$6,504

$6,504/SF

Building Size

5,000 SF

Asset Type

Retail

Closing

Mar 30, 2026

AI

The asset involved in this transaction is an industrial property located at 1155 Southern Boulevard, situated in the Longwood market. The tenant of this lease is El Maestro Boxing Gym, which will occupy a space measuring 5,000 square feet. The lease is structured as a Modified Gross Lease with an asking rent of $26 per square foot, covering a term of 5 years.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $130,000
  • Lease Term: 5 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Joseph Riegler
  • Tenant: El Maestro Boxing Gym
  • Tenant's Representative: Avi Saadia & Freddy Halabi - Tri State Commercial Realty

The key individuals in this transaction include the landlord, Joseph Riegler, and the tenant represented by Avi Saadia and Freddy Halabi from Tri State Commercial Realty. Their involvement has facilitated the leasing of this industrial space for a prominent boxing gym in the area.

Players

Avi Saadia

Tri State Commercial Realty

Broker

6 deals

Broker

Joseph Riegler

Landlord

$11.6M

vol

4 deals

Landlord

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

2438.96%

Cash-on-Cash

-697.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93