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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2417 Third Ave, Bronx, NY, 10451
- Market: Bronx
- Square Feet: 9,903
- Tenant: Grant Associates
- Landlord: Hornig Capital Partners
- Tenant's Representative: Alison Miller (ABS Partners Real Estate)
- Landlord's Representatives: Lauren Calandriello (JRT Realty Group), Ellen Israel (JRT Realty Group)
- Brokers: Andy Udis (ABS Partners Real Estate)
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
Bronx Commercial Market Snapshot
Boundary boundary · Commercial · Lease transactions
Loading comparables…
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