Patrick Gardner Of JW Burke & Company Brokers Lease For Commercial Property In Bronx
7 W Burnside Ave, Bronx, NY, 10453
Building Size
20,000 SF
Asset Type
Commercial
Closing
Nov 14, 2017
AI
The commercial property located at 7 W Burnside Ave, Bronx, NY, 10453, in the Bronx, spans 20,000 square feet. The lease was completed on November 14, 2017, with The Jemstone Group as the landlord and Patrick Gardner of JW Burke & Company representing the tenant.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not Applicable
- Tenant's Representative: Patrick Gardner(JW Burke & Company)
- Landlord: The Jemstone Group
The Jemstone Group, as the landlord, agreed to lease the 20,000 square feet commercial property at 7 W Burnside Ave to a tenant represented by Patrick Gardner of JW Burke & Company on November 14, 2017, in Bronx, NY.
Players
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