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363 Rider Avenue

Mr. Guerra Photography Leases Industrial Space At 363 Rider Ave, Mott Haven, Bronx
LEASEDIndustrial

Mr. Guerra Photography Leases Industrial Space At 363 Rider Ave, Mott Haven, Bronx

363 Rider Avenue

$15

$15/SF

Building Size

4,400 SF

Asset Type

Industrial

Closing

Jan 24, 2024

AI

A 4,400 square foot industrial property located at 363 Rider Avenue in the Mott Haven neighborhood of Bronx has been leased. The property is owned by BNS Real Estate and the tenant is Mr. Guerra Photography. The lease was facilitated by Anthony Volman of Highcap Group.

Summary of transaction details

  • Property Type: Industrial
  • Address: 363 Rider Avenue
  • Market: Mott Haven, Bronx
  • Landlord: BNS Real Estate
  • Tenant: Mr. Guerra Photography
  • Broker: Anthony Volman - Highcap Group
  • Asking Rent: $15.68/ft
  • Lease Type: Full-Service Gross
  • Lease Term: 8-Year Lease

Anthony Volman of Highcap Group represented Mr. Guerra Photography in the lease transaction. This 8-year lease agreement for the industrial property was executed at an asking rent of $15.68 per square foot on a full-service gross basis.

Players

Anthony Volman

Highcap Group

Broker

$5.1M

vol

11 deals

Broker

Bronx Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1057533.33%

Cash-on-Cash

-302246.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93