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2825 Third Avenue

Clem Saad Leases 6,000 SF Office Space To Interboro Heart & Vascular In Mott Haven
LEASEDOffice

Clem Saad Leases 6,000 SF Office Space To Interboro Heart & Vascular In Mott Haven

2825 Third Avenue

$40

$40/SF

Building Size

6,000 SF

Asset Type

Office

Closing

Dec 1, 2024

AI

The property asset involved in this lease transaction is an office space located at 2825 Third Avenue in the Mott Haven market. The asking rent for the space is set at $40 per square foot, encompassing a total area of 6,000 square feet. The lease type is classified as 'Other'.

Summary of transaction details:

Key individuals involved in this transaction include Clem Saad as the landlord and Interboro Heart & Vascular as the tenant. Rafael Benor, Nathan Ades, and Eli Yadid from KSR represent the landlord, while Rick Stassa from Emerald Commercial Properties represents the tenant in this lease agreement.

Players

Eli Yadid

Kassin Sabbagh Realty

Broker

$16M

vol

38 deals

Broker

Bronx Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93