Babaev Family Leases 3,500 SF Retail Space To Global Home In Bronx For $45/ft
2415 Arthur Avenue
$45
$45/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Dec 1, 2024
About this deal
AI
This is a retail lease transaction involving a property located at 2415 Arthur Avenue in the Bronx. The asking rent for the property is $45 per square foot for an area of 3,500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $157,500
- Landlord: Babaev Family
- Tenant: Global Home
- Brokers: Yisrael Bassalian & Tanner Zar - Titan Group New York
- Lease Type: Retail Lease
Titan Group New York represented both the landlord and the tenant in this transaction. The firm specializes in commercial and residential leasing and offers guidance for property owners looking to lease vacant units.
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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93