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205 West 230th Street

Target Park Leases Retail Space In Kingsbridge, Bronx With Greg Parassio Of Booth Street
LEASEDRetail

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

Greg Parassio

Booth Street

Broker

22 deals

Broker
H
HoldingsLandlord
TP
Target ParkTenant

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