Efrati of Entrepreneur Properties buys 3,500 s/f mixed-use Bronx building

Ami Efrati of Entrepreneur Properties closed on the purchase of 372 East 204 St. The building is a 3,500 s/f, two-story walk-up with a hardware store on the ground and a law office above. The neighborhood has been rezoned to R7D which increased the F.A.R and added 3,800 s/f of buildable rights. Current return on investment is 14%; being generated from the existing cash flow. Existing line-up of national tenants include: Papa Johns, McDonald's, Chase, Bank of America, T-Mobile, and Radio Shack. "Creating residual income is what this business is all about," said Efrati.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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