Updated Oct 29, 2024
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
About this deal
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.
On the Map
$90
$90/SF
MultiFamily
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Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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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