Updated Dec 4, 2024
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
About this deal
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.
On the Map
$15
$15/SF
Industrial
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Players
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