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2535 3rd Avenue

South Bronx Organic Market Leases Retail Space At 2535 3rd Avenue For $90/ft
LEASEDMultiFamily

South Bronx Organic Market Leases Retail Space At 2535 3rd Avenue For $90/ft

2535 3rd Avenue

$90

$90/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

May 1, 2023

AI

The South Bronx Organic Market has signed a lease for a retail space in the South Bronx market. The property, located at 2535 3rd Avenue, offers approximately 3,000 square feet of space. The lease was finalized on 05/01/2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Asking Rent: $90/ft
  • Square Footage: 3,000
  • Market: South Bronx

Solomon Sharaby and Samuel Chera from KSR represented both the landlord, PJ Sarraf, and the tenant, South Bronx Organic Market, in this lease transaction.

Players

Samuel Chera

Kassin Sabbagh Realty

Broker

29 deals

Broker

PJ Sarraf

Landlord

2 deals

Landlord

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93