Lee Tirella Leases Retail Space To Ace Shawarma & Burgers At 3455 Jerome Avenue Bronx
3455 Jerome Avenue
Building Size
1,750 SF
Asset Type
Retail
Closing
Nov 30, 2025
About this deal
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.
On the Map
Retail
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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