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2417 Third Ave, Bronx, NY, ...

Grant Associates Leases 9903 Square Feet From Hornig Capital Partners At 2417 Third Ave Bronx
LEASEDCommercial

Grant Associates Leases 9903 Square Feet From Hornig Capital Partners At 2417 Third Ave Bronx

2417 Third Ave, Bronx, NY, 10451

Building Size

9,903 SF

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The property located at 2417 Third Ave, Bronx, NY, 10451 features a total area of 9,903 square feet situated within the Bronx market. The transaction involved a lease of the property and was conducted by the involved parties.

Summary of transaction details:

This transaction highlights the collaborative efforts of the representatives involved. Alison Miller represented the tenant Grant Associates, while the landlord Hornig Capital Partners was represented by Lauren Calandriello and Ellen Israel from JRT Realty Group. The brokerage was facilitated by Andy Udis of ABS Partners Real Estate.

Players

Myles Fennon

Broker

8 deals

Broker
HP
Hornig Capital PartnersLandlord

Bronx Commercial Market Snapshot

Boundary boundary · Commercial · 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