Lee Tirella Leases Retail Space To Ace Shawarma & Burgers At 3455 Jerome Avenue Bronx
3455 Jerome Avenue
$80
$80/SF
Building Size
1,750 SF
Asset Type
Retail
Closing
Nov 30, 2025
AI
The property asset involved in this transaction is a retail space located at 3455 Jerome Avenue in the Bronx. The lease agreement has a term of 10 years, with an asking rent of $80 per square foot for a total of 1,750 square feet. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $140,000
- Asking Rent: $80/ft
- Square Footage: 1,750
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Lee Tirella
- Tenant: Ace Shawarma & Burgers
- Brokers: Justin Kamali - J3K Real Estate
Justin Kamali of J3K Real Estate represented both the landlord, Lee Tirella, and the tenant, Ace Shawarma & Burgers, in this transaction. This marks the first U.S. location for Ace Shawarma & Burgers, which is situated in a former GameStop retail space.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93