Duane Reade Leases 9819 Square Feet To Palace Gates Furniture At 2939 3rd Ave Bronx
2939 3rd Ave, Bronx, NY, 10455
Building Size
9,819 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 2939 3rd Ave, Bronx, NY, 10455. It encompasses a total of 9,819 square feet and is situated within the Bronx market. The landlord for this property is Duane Reade.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 2939 3rd Ave, Bronx, NY, 10455
- Market: Bronx
- Square Feet: 9819
- Landlord's Representative: Daniel DePasquale-Katz & Associates Real Estate Advisors
- Tenant: Palace Gates Furniture
- Landlord: Duane Reade
The individuals involved in this transaction include the landlord's representative, Daniel DePasquale-Katz & Associates Real Estate Advisors, who facilitated the lease on behalf of Duane Reade. The tenant for this lease is Palace Gates Furniture, securing a location within the Bronx area.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93