Freshly Baked Signs Retail Lease At 2375 Arthur Avenue, Bronx
2375 Arthur Avenue
$60
$60/SF
Building Size
2,730 SF
Asset Type
Retail
Closing
Nov 17, 2023
AI
A retail lease transaction has taken place at 2375 Arthur Avenue in the Bronx. The property, spanning 2,730 square feet, was leased by Freshly Baked. The lease was facilitated by Cooper Katz of ABS Partners Real Estate representing the landlord, Ross & Ross. Solomon Tbeile and Nathan Aballi of KSR represented Freshly Baked in the deal. The retail space was leased at an asking rent of $60 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not applicable
- Address: 2375 Arthur Avenue
- Market: Bronx
- Tenant: Freshly Baked
- Landlord: Ross & Ross
- Landlord's Representative: Cooper Katz - ABS Partners Real Estate
- Tenant's Representative: Solomon Tbeile & Nathan Aballi - KSR
- Asking Rent: $60 per square foot
- Lease Type: Retail Lease
Cooper Katz from ABS Partners Real Estate served as the landlord's representative in the lease transaction. Solomon Tbeile and Nathan Aballi, who are affiliated with KSR, acted as the tenant's representatives. This lease agreement adds Freshly Baked to the retail landscape of 2375 Arthur Avenue in the Bronx.
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