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2340 Grand Concourse

Concourse Clean Co. Leases 3,000 SF Retail Space At 2340 Grand Concourse For $60/ft
LEASEDRetail

Concourse Clean Co. Leases 3,000 SF Retail Space At 2340 Grand Concourse For $60/ft

2340 Grand Concourse

$60

$60/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Apr 28, 2026

AI

The retail asset located at 2340 Grand Concourse in the Fordham market spans 3,000 square feet. The landlord, Jem Realty, represented by Alan Jemal, is leasing the property to Concourse Clean Co. at an asking rent of $60 per square foot.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: $180,000
  • Landlord: Jem Realty - Alan Jemal
  • Tenant: Concourse Clean Co.
  • Location: 2340 Grand Concourse
  • Brokers: Solomon Sharaby & David Sabbagh - KSR
  • Date of Lease: 4/29/2026

In this transaction, brokers Solomon Sharaby and David Sabbagh from KSR facilitated the lease agreement between the landlord and tenant, highlighting their involvement in the deal without repeating prior details of the property or transaction.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

61 deals

Broker
JR
Jem RealtyLandlord

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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93