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2500 Barker Avenue

Michael Simcha Leases Retail Space At 2500 Barker Avenue To Paradise Family Childcare In Bronx
LEASEDRetail

Michael Simcha Leases Retail Space At 2500 Barker Avenue To Paradise Family Childcare In Bronx

2500 Barker Avenue

$40

$40/SF

Building Size

2,518 SF

Asset Type

Retail

Closing

Jun 19, 2025

AI

The property involved in this transaction is a retail asset located at 2500 Barker Avenue in the Bronx. The lease agreement has an asking rent of $40 per square foot for a total space of 2,518 square feet. This transaction is classified as a modified gross lease.

Summary of transaction details:

This transaction features key individuals and companies actively involved in the deal. The landlord, Michael Simcha, is represented by a team from Meridian Capital Group including James Famularo, Bobby Ortense, and Myles Vandell, while Remy Zohni from Tristate Commercial represents the tenant, Paradise Family Childcare.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

367 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Michael Simcha

Landlord

$15M

vol

1 deal

Landlord

Paradise Family Childcare

Tenant
Tenant

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