Grand Concourse Dialysis Leases Retail Space At 1490 Macombs Road Bronx For $55/ft
1490 Macombs Road
$55
$55/SF
Building Size
8,340 SF
Asset Type
Retail
Closing
Sep 25, 2024
AI
This retail asset is located at 1490 Macombs Road in the Bronx. It has a total square footage of 8,340 and was leased at an asking rent of $55 per square foot. The property was previously a fully built Davita space and offers a state-of-the-art setup. It is positioned in a densely populated area close to I-95 and The George Washington Bridge.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $55/ft
- Square Footage: 8,340
- Address: 1490 Macombs Road
- Market: Bronx
- Landlord: Aranit Ahmetaj
- Tenant: Grand Concourse Dialysis
- Landlord's Representative: Hassan Biberaj - Morgan Barrington Financial Services
- Tenant's Representative: Allie Beyda - BH Realty
- Lease Type: Retail Lease
The transaction involved Aranit Ahmetaj as the landlord and Grand Concourse Dialysis as the tenant. Hassan Biberaj represented the landlord through Morgan Barrington Financial Services, while Allie Beyda represented the tenant via BH Realty. The property is noted for its ideal location and readiness for the tenant's use.
Players
Bronx 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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93