GC Parking Leases 18,000 SF Space At 310 Grand Concourse, Bronx
310 Grand Concourse, Bronx, NY, 10451
Building Size
18,000 SF
Asset Type
—
Closing
Oct 25, 2022
About this deal
AI
The property located at 310 Grand Concourse, Bronx, NY, 10451, with a total space of 18,000 square feet, was involved in a lease transaction between the landlord, YS Developers, and the tenant, GC Parking, on October 25, 2022, in the Bronx market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Tenant's Rep: Samuel (Sam) Hartstein (Gemstone Realty Group)
The lease deal was facilitated with the representation of Samuel (Sam) Hartstein from Gemstone Realty Group, acting as the tenant's representative in the transaction. YS Developers leased out the property to GC Parking, providing them with 18,000 square feet in the bustling Bronx market.
On the Map
Players
Bronx CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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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