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
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