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
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