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310 Grand Concourse, Bronx,...

GC Parking Leases 18,000 SF Space At 310 Grand Concourse, Bronx
LEASED

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

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.

Players

Samuel Hartstein

Gemstone Realty Group

Broker

$5.5M

vol

15 deals

Broker
YD
YS DevelopersLandlord
GP
GC ParkingTenant

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