Growing Minds Youth Development Signs 12-Year Lease For Bronx Day Care Center
2189 Arthur Ave Bronx, NY 10457, USA
$32
$32/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
May 9, 2023
About this deal
AI
Growing Minds Youth Development has signed a 12-year lease for its second location in the Bronx, a day care center with 5,000 square feet on the ground floor of 2189 Arthur Avenue. The property is a retail asset and the asking rent for the lease was $32 per square foot.
Summary of transaction details:
- Property Type: Retail
- Tenant: Growing Minds Youth Development
- Lease Terms: 12-year lease
- Property Address: 2189 Arthur Avenue, Bronx
- Asking Rent: $32 per square foot
The lease deal was handled by Tri State Commercial Realty's Dov Bleich and Daniel Sharabi. They represented the tenant, Growing Minds Youth Development, in the transaction.
On the Map
$32
$32/SF
Retail
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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
495718.75%
Cash-on-Cash
-141677.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93