Kyung Park Leases Industrial Space To Alex Chan At 431 Southern Boulevard Bronx For $22/ft
LEASED
$22
New York
See Similar DealsIndustrial20,217 SF
Leased 05/22/2025
LEASED
Kyung Park Leases Industrial Space To Alex Chan At 431 Southern Boulevard Bronx For $22/ft
431 Southern Boulevard
See Similar DealsIndustrial20,217 SF
Leased 05/22/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$22
Total Square Footage:20,217 SF
Transaction Type:Lease
This industrial property, located at 431 Southern Boulevard in the Bronx, features a total square footage of 20,217. The property has been leased under a NNN lease with an asking rent of $22 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22/ft
- Lease Type: NNN Lease
- Landlord: Kyung Park
- Tenant: Alex Chan
- Broker: Joey Kafif - Safdie Realty Group
- Date of Transaction: 5/22/2025
Joey Kafif from Safdie Realty Group represented the landlord and tenant in this lease transaction. Safdie Realty Group specializes in landlord and tenant representation across Brooklyn, Bronx, Manhattan, Queens, and Staten Island.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$509,883.55
Total Lease Value
$5,098,835.46
Net Landlord Cash Flow$509,883.55
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