Oasis Adult Social Day Care Leases Mixed-Use Space At 2519 Creston Ave. In Bronx With Landlord Radson Development And Broker David Sabbagh
2519 Creston Ave, Bronx, NY, USA
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Feb 7, 2021
About this deal
AI
The property at 2519 Creston Ave. in the Bronx has been recently leased. The mixed-use asset was leased to Oasis Adult Social Day Care Inc. The landlord of the property is Radson Development, represented by Dan Rad. The transaction was facilitated by David Sabbagh from Kassin Sabbagh Realty. The asking rent for the property was $40 per square foot, and the total square footage of the space is 5,000 square feet.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: Leased
- Tenant: Oasis Adult Social Day Care Inc.
- Landlord: Radson Development - Dan Rad
- Broker: David Sabbagh - Kassin Sabbagh Realty
- Asking Rent: $40/ft.
- SF: 5,000
David Sabbagh from Kassin Sabbagh Realty played a key role in the transaction as the broker representing Radson Development. The leasing of the property to Oasis Adult Social Day Care Inc. provides a new space for their operations in the Bronx market.
On the Map
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93