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2455 Third Avenue

Barry Altmark Leases Retail Space At 2455 Third Avenue Bronx To MO Market For $60/ft
LEASEDRetail

Barry Altmark Leases Retail Space At 2455 Third Avenue Bronx To MO Market For $60/ft

2455 Third Avenue

$60

$60/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Jul 6, 2026

AI

The asset involved in this lease transaction is a retail property located at 2455 Third Avenue in the Bronx. The asking rent for the space is set at $60 per square foot, with a total square footage of 2,000. The lease is a modified gross lease with a term of 10 years.

Summary of transaction details:

This transaction involves key representatives in the leasing process. Landlord's representatives Ben Biberaj and Desi Avidane come from IPRG Retail Leasing and Investment Property Realty Group, respectively. Tenant's representatives, Michael Escava and Noam Aziz, are associated with Meridian Capital Group.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

200 deals

Broker

Barry Altmark

Landlord

1 deal

Landlord
MM
MO MarketTenant

Bronx Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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