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
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