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:
- Property Type: Retail
- Transaction Amount: $60/ft
- Square Footage: 2,000
- Lease Term: 10 years
- Market: Bronx
- Landlord: Barry Altmark
- Tenant: MO Market
- Landlord's Representatives: Ben Biberaj - IPRG Retail Leasing, Desi Avidane - Investment Property Realty Group
- Tenant's Representatives: Michael Escava, Noam Aziz - Meridian Capital Group
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
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