LEASEDRetail
Bronx Retail Space Leased To SAMA Department Store & Bobo’s Crab Shack
2450 Grand Concourse, The Bronx, NY, USA
Building Size
8,300 SF
Asset Type
Retail
Closing
Nov 9, 2020
About this deal
AI
The retail property located at 2450, 2458 Grand Concourse in the Bronx has been leased. The property spans approximately 8,300 square feet and was leased for an asking rent of $60 per square foot. The lease transaction was finalized on November 10, 2020.
Summary of transaction details
- Property Type: Retail
- Transaction Date: November 10, 2020
- Address: 2450, 2458 Grand Concourse, Bronx
- Market: Bronx
- Asking Rent: $60 per square foot
- Square Footage: 8,300
- Tenants: SAMA Department Store & Bobo's Crab Shack
- Landlord: Jem Realty
- Broker: Solomon Sharaby - Kassin Sabbagh Realty
Solomon Sharaby from Kassin Sabbagh Realty represented the landlord, Jem Realty, in this lease deal.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93