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369 East 148th Street

Nexus Medical Training Center Leases Office Space At 369 East 148th Street In Bronx NY With Landlord Marc Fishman And Broker Samuel Hartstein - Gemstone Realty Group
LEASEDOffice

Nexus Medical Training Center Leases Office Space At 369 East 148th Street In Bronx NY With Landlord Marc Fishman And Broker Samuel Hartstein - Gemstone Realty Group

369 East 148th Street

$38

$38/SF

Building Size

3,500 SF

Asset Type

Office

Closing

Oct 18, 2022

AI

The office building located at 369 East 148th Street in the Bronx, NY, was recently leased in a transaction facilitated by Samuel Hartstein of Gemstone Realty Group. The property, spanning 3,500 square feet, is owned by Marc Fishman. The tenant, Nexus Medical Training Center, agreed to a 10-year lease term at an asking rent of $38 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 369 East 148th Street
  • Market: Bronx NY
  • Landlord: Marc Fishman
  • Tenant: Nexus Medical Training Center
  • Broker: Samuel Hartstein - Gemstone Realty Group
  • Asking Rent: $38/ft.
  • Lease Term: 10 Years

This lease transaction was made possible by the efforts of Samuel Hartstein from Gemstone Realty Group, who represented the landlord, Marc Fishman, in the deal. Nexus Medical Training Center, as the tenant, chose this office space for its medical training activities. The 10-year lease agreement ensures a stable occupancy for the office building, benefitting both the landlord and the tenant.

Players

Marc Fishman

Landlord

2 deals

Landlord

New York 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

417447.37%

Cash-on-Cash

-119307.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93