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
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