PDS NFP CompassCare Leases Medical Office At 930 Grand Concourse Bronx For $48/ft
930 Grand Concourse
$44
$44/SF
Building Size
1,968 SF
Asset Type
Office
Closing
Oct 29, 2024
AI
The property involved is a medical office located at 930 Grand Concourse in the Bronx market, encompassing a total square footage of 1,968. The asking rent for this lease is set at $48 per square foot, and the lease type is classified as modified gross.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $48/ft
- Address: 930 Grand Concourse
- Market: Bronx
- Square Footage: 1,968
- Tenant: PDS NFP - CompassCare
- Broker: Magal Gabay - Besen Partners
- Lease Type: Modified Gross
The transaction features tenant representation by PDS NFP - CompassCare, with broker Magal Gabay representing Besen Partners in the leasing agreement.
Players
Bronx Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
360522.73%
Cash-on-Cash
-103038.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93