facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Lease

/

2999 3rd Ave., Bronx, NY, 1...

The Door Leases 18000 Square Feet At 2999 3rd Ave Bronx From Chestnut Holdings
LEASEDMultiFamily

The Door Leases 18000 Square Feet At 2999 3rd Ave Bronx From Chestnut Holdings

2999 3rd Ave., Bronx, NY, 10455

Building Size

18,000 SF

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The leased property is located at 2999 3rd Ave., Bronx, NY, 10455, within the Bronx market. The total area of the property is 18,000 square feet. The transaction involves The Door as the tenant and Chestnut Holdings as the landlord.

Summary of transaction details:

The representatives for the tenant bringing this lease transaction to fruition include Alexander Smith from OPEN Impact Real Estate and Arthur Skelskie along with Ginny Durfee, both from Transwestern. These individuals played a key role in facilitating the agreement between The Door and Chestnut Holdings.

Players

Arthur Skelskie

Transwestern

Broker

$2M

vol

4 deals

Broker
Chestnut Holdings
Chestnut HoldingsLandlord

Bronx 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93