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320 East 204th Street, The ...

Ridgewood Savings Bank Leases Retail Space In Bronx's 320 East 204th Street
SOLDRetail

Ridgewood Savings Bank Leases Retail Space In Bronx's 320 East 204th Street

320 East 204th Street, The Bronx, NY, USA

$166,465

$65/SF

Building Size

2,561 SF

Asset Type

Retail

Closing

Nov 22, 2020

AI

Ridgewood Savings Bank has signed a lease for a retail space located at 320 East 204th Street in Bronx. The property spans over 2,561 square feet and was leased for an asking rent of $65 per square foot.

Summary of transaction details

The lease transaction was facilitated by Josh Augenbaum from Augenbaum Realty Corp, representing the tenant Ridgewood Savings Bank. On the landlord's side, Dean Rosenzweig and Jeremy Scholder from CBRE served as the representatives for Mordy Getz of Trac NYC.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

144 deals

Broker
Ridgewood Savings Bank
Ridgewood Savings BankTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

95.29%

Cash-on-Cash

-27.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93