Way To Rehab PT PC Leases Retail Space At 2500 Barker Avenue Bronx For $40/ft
2500 Barker Avenue
$40
$40/SF
Building Size
3,388 SF
Asset Type
Retail
Closing
Dec 22, 2025
AI
The property asset involved in the transaction is situated at 2500 Barker Avenue, Bronx. It is classified as a retail asset with a leasing structure defined as a Single Net Lease. The square footage of the property is 3,388, and the asking rent is set at $40 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40/ft
- Square Footage: 3,388
- Lease Type: Single Net Lease
- Landlord: Michael Simcha
- Tenant: Way to Rehab PT PC
- Landlord's Representative: James Famularo, Bobby Ortense & Michael Escava - Meridian Capital Group
- Tenant's Representative: Shaya Katz - Meridian Capital Group
This transaction involves key representatives from Meridian Capital Group, with James Famularo, Bobby Ortense, and Michael Escava representing the landlord, while Shaya Katz represents the tenant. The collaboration amongst these individuals has facilitated the leasing of the property.
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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93