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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2999 3rd Ave., Bronx, NY, 10455
- Market: Bronx
- Tenant: The Door
- Landlord: Chestnut Holdings
- Square Feet: 18,000
- Tenant's Representatives: Alexander Smith (OPEN Impact Real Estate), Arthur Skelskie (Transwestern), Ginny Durfee (Transwestern)
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
Bronx 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93