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1000 Westchester Avenue

Community Health Network Leases Retail Space At 1000 Westchester Avenue In Bronx
LEASEDRetail

Community Health Network Leases Retail Space At 1000 Westchester Avenue In Bronx

1000 Westchester Avenue

$50

$50/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Mar 1, 2023

AI

The retail property located at 1000 Westchester Avenue in Bronx has been leased. The property spans 10,000 square feet and the asking rent was $50 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 1000 Westchester Avenue
  • Market: Bronx

Bolivar Development, represented by Peter Fine, served as the landlord in this transaction. The tenant, Community Health Network, was represented by Christopher Turner.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
Peter Fine

Peter Fine

Bolivar Development

Landlord

$477.2M

vol

20 deals

Landlord

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93