YS Developers Leases Mixed-Use Property On Grand Concourse To GC Parking
310 Grand Concourse, The Bronx, New York 10451, United States
Building Size
18,000 SF
Asset Type
Mixed-use
Closing
Oct 24, 2022
AI
The mixed-use property located at 310 Grand Concourse in Mott Haven has been leased. The transaction was completed on 10/25/2022. The property, spanning 18,000 square feet, was leased to GC Parking for a 10-year term. The asking rent for the property was $18 per square foot.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Date: 10/25/2022
- Address: 310 Grand Concourse
- Market: Mott Haven
- Landlord: YS Developers - Simon Kaufman
- Tenant: GC Parking
- Broker: Dov Bleich - Tri-State Commercial Realty
- Asking Rent: $18/ft.
- Square footage: 18,000
- Lease Terms: 10-year
Dov Bleich from Tri-State Commercial Realty represented the landlord, YS Developers - Simon Kaufman, in the transaction. No additional information was available regarding this lease deal.
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