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2519 Creston Ave, Bronx, NY...

Oasis Adult Social Day Care Leases Mixed-Use Space At 2519 Creston Ave. In Bronx With Landlord Radson Development And Broker David Sabbagh
LEASEDMixed-use

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

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

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.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

62 deals

Broker
RD
Radson DevelopmentLandlord

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