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:
- Property Type: Office
- Transaction Amount: $240,000
- Address: 2825 Third Avenue
- Market: Mott Haven
- Landlord: Clem Saad
- Tenant: Interboro Heart & Vascular
- Landlord's Rep: Rafael Benor, Nathan Ades & Eli Yadid - KSR
- Tenant's Rep: Rick Stassa - Emerald Commercial Properties
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
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