Updated Nov 10, 2026
Edward Ostad & Michael Ostad Lease Commercial Space To General Dental At 2374 Grand Concourse
2374 Grand Concourse
Building Size
1,200 SF
Asset Type
Commercial
Closing
Sep 1, 2026
About this deal
AI
The property involved in this transaction is a commercial asset located at 2374 Grand Concourse in the Bronx. The asking rent was set at $125 per square foot, with a total area of 1,200 square feet. The lease term agreed upon for this retail lease is 10 years.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $150,000 (calculated based on asking rent and square footage)
- Address: 2374 Grand Concourse
- Market: Bronx
- Landlord: Edward Ostad & Michael Ostad
- Tenant: General Dental
- Lease Term: 10 Years
- Lease Type: Retail Lease
- Asking Rent: $125/ft
- Square Footage: 1,200
The key individuals involved in the deal include the landlords, Edward Ostad and Michael Ostad, who managed the leasing process for the property. The tenant, General Dental, will occupy the space under the agreed lease terms, establishing their operations in this location for the duration of the lease.
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Commercial
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Bronx Commercial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93