Target Park Leases Retail Space In Kingsbridge, Bronx With Greg Parassio Of Booth Street
205 West 230th Street
$10
$10/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Aug 15, 2023
AI
Located at 205 West 230th Street in Kingsbridge, Bronx, this retail property is involved in a lease transaction. The property spans 20,000 square feet and features an address with potential for high foot traffic. The lease is a Modified Gross Lease, indicating that the tenant and landlord will share certain expenses. The property is represented by broker Greg Parassio from Booth Street.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $10/ft
- Square Footage: 20,000
- Lease Type: Modified Gross Lease
In this lease transaction, the landlord is Agus Holdings and the tenant is Target Park. The deal was facilitated by broker Greg Parassio from Booth Street. The involvement of these individuals and companies showcases their role in the negotiation and execution of the lease agreement.
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
1586300.00%
Cash-on-Cash
-453369.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93