Jem Realty Leases Retail Space To Fordham Nursing School In Fordham
2488 Grand Concourse Bronx, NY 10458, USA
$45
$45/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Jul 1, 2023
About this deal
AI
The retail property located at 2488 Grand Concourse in the Fordham market has been leased. The property spans a total of 3,500 square feet and is owned by Jem Realty. The tenant, Fordham Nursing School, has signed the lease agreement. The deal was facilitated by brokers Solomon Sharaby and Nathan Aballi, who work for Kassin Sabbagh Realty. The agreed upon rent for the space is $45 per square foot.
Summary of transation details
- Property Type: Retail
- Asking Rent: $45/ft
- Square Footage: 3,500
- Address: 2488 Grand Concourse
- Market: Fordham
The lease agreement for the retail property at 2488 Grand Concourse was brokered by Solomon Sharaby and Nathan Aballi from Kassin Sabbagh Realty on behalf of Jem Realty, the property's landlord. Fordham Nursing School will be the new tenant occupying the space.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Nathan Aballi to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93