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276 Grand Concourse

Sobro Parking Corp Leases Mixed-Use Property At 276 Grand Concourse, Mott Haven
LEASEDMixed-use

Sobro Parking Corp Leases Mixed-Use Property At 276 Grand Concourse, Mott Haven

276 Grand Concourse

$35

$35/SF

Building Size

11,500 SF

Asset Type

Mixed-use

Closing

Mar 1, 2022

AI

Located at 276 Grand Concourse in Mott Haven, this mixed-use property was recently involved in a lease transaction. The deal was facilitated by brokers Dov Bleich and Sam Hartstein from Tri State Commercial Realty on behalf of the landlord, Jacob Schwimmer, and the tenant, Sobro Parking Corp. The lease was signed on 03/01/2022.

Summary of transaction details

The lease for this property at 276 Grand Concourse exemplifies the collaboration of key individuals and companies involved in the transaction. Dov Bleich and Sam Hartstein from Tri State Commercial Realty played a crucial role as the brokers representing both the landlord, Jacob Schwimmer, and the tenant, Sobro Parking Corp.

Players

Dov Bleich

Tri State Commercial Realty

Broker

$12.4M

vol

24 deals

Broker

Jacob Schwimmer

Landlord

$655.9M

vol

12 deals

Landlord

Bronx 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

453228.57%

Cash-on-Cash

-129534.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93