Burnside Health Market Leases Retail Space In Bronx For $90/ft
109 East Burnside Avenue, The Bronx, New York 10453, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
May 10, 2022
About this deal
AI
An 1,100 square feet retail property located at 109 E. Burnside Ave. in the Bronx has been leased. The transaction took place on May 11, 2022. The property is leased by Burnside Health Market.
Summary of transaction details
- Property Type: Retail
- Transaction Date: May 11, 2022
- Address: 109 E. Burnside Ave., Bronx
David Sabbagh from KSR represented the tenant, Burnside Health Market, in the lease transaction. The landlord is Verv Capital & KSR Capital.
The asking rent for the property was $90 per square foot.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93