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2417 Third Avenue

ZG Capital Partners Leases 1,324 SF Retail Space To Off The Cap At 2417 Third Avenue
LEASEDRetail

ZG Capital Partners Leases 1,324 SF Retail Space To Off The Cap At 2417 Third Avenue

2417 Third Avenue

$38

$38/SF

Building Size

1,324 SF

Asset Type

Retail

Closing

Aug 4, 2026

AI

The asset involved in this transaction is a retail property located at 2417 Third Avenue in the Bronx. The lease type for this property is a retail lease, with an asking rent of $38 per square foot for a total area of 1,324 square feet.

Summary of transaction details:

Noam Aziz and Michael Escava represented the landlord, ZG Capital Partners, while Jason Berisha represented the tenant, Off the Cap, in this lease transaction. The involvement of these brokers highlights the collaborative effort in securing the lease agreement for the retail space.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

264 deals

Broker

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

417447.37%

Cash-on-Cash

-119307.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93