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

Property Image
SOLD
$166,465
Jeremy Scholder
Dean Rosenzweig
Josh Augenbaum

New York

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Retail2,561 SF
Sold 11/23/2020
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Property Image
SOLD

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

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

See Similar Deals
Retail2,561 SF
Sold 11/23/2020
Jeremy Scholder
Dean Rosenzweig
Josh Augenbaum
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$65
Total Square Footage:2,561 SF
Transaction Type:Sale

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
Josh Augenbaum
139 deals$652.8M volume(917) 417-7834
BROKER
Dean Rosenzweig
Dean Rosenzweig
13 deals$25.5M volume
BROKER
Jeremy Scholder
CBRE
Jeremy Scholder
11 deals$8.8M volume
BROKER
Ridgewood Savings Bank
Ridgewood Savings Bank
TENANT

Details

SOLD
IMAGE: Scholder, Josh Augenbaum & Dean Rosenzweig DATE: 11/23/2020 ADDRESS: 320 East 204th Street MARKET: Bronx ASSET TYPE: Retail TENANT: Ridgewood Savings Bank LANDLORD: Mordy Getz - Trac NYC TENANT’S REP: Josh Augenbaum @JoshAugenbaum - Augenbaum Realty Corp. LANDLORD’S REP: Dean Rosenzweig & Jeremy Scholder - CBRE ASKING RENT: $65/ft. ~ SF: 2,561

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$8,878.13

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$591.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$789.13
Annual Debt Service$9,469.55