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2374 Grand Concourse

Updated Nov 10, 2026

Edward Ostad & Michael Ostad Lease Commercial Space To General Dental At 2374 Grand Concourse
LEASEDCommercial

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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Edward Ostad

Landlord

$620.3M

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Bronx Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

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Deal FAQ

About $125 per square foot for 1,200 square feet (2026).

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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

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