Add Health Pharmacy Signs Modified Gross Lease For Retail Space At 2482 Grand Concourse In Fordham, Bronx
2482 Grand Concourse
$50
$50/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Oct 1, 2023
About this deal
AI
The property involved in this lease transaction is located at 2482 Grand Concourse in Fordham, Bronx. It is a retail space with a total area of 10,000 square feet. The lease is a Modified Gross Lease, and the asking rent for the property is $50 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Transaction Date: 10/01/2023
- Landlord: Alan Jemal
- Tenant: Add Health Pharmacy
- Brokers: Solomon Sharaby & Nathan Aballi - KSR
- Market: Fordham, Bronx
Alan Jemal is the landlord in this lease transaction, and Add Health Pharmacy is the tenant. The deal was brokered by Solomon Sharaby and Nathan Aballi from KSR. The property is located in the Fordham market.
Players
Market 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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93