Zacharia Setton Represents Tenant In Bronx Lease At $26/SF For 1800 SF
4417 3rd Ave, Bronx, NY, 10457
$26
$26/SF
Building Size
1,800 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The property located at 4417 3rd Ave, Bronx, NY, 10457, boasts 1800 square feet of space within the Bronx market. The lease agreement for this property was set at $26 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Tenant's Rep: Zacharia "Zack" Setton (Tri State Commercial Realty)
- Landlord: 4417 3 Ave LLC
- Rent/SF: $26
- Square Feet: 1800
Zacharia "Zack" Setton from Tri State Commercial Realty acted as the tenant's representative in the lease deal with 4417 3 Ave LLC. This transaction showcases the collaboration between the tenant's representative and the landlord, facilitating the successful leasing of the 1800 square foot property at $26 per square foot.
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
610115.38%
Cash-on-Cash
-174372.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93