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1490 Macombs Road

Grand Concourse Dialysis Leases Retail Space At 1490 Macombs Road Bronx For $55/ft
LEASEDRetail

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

Allie Beyda

BH Realty

Broker

$4.8M

vol

16 deals

Broker

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