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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $40/ft
- Address: 2500 Barker Avenue
- Market: Bronx
- Lease Type: Modified Gross Lease
- Landlord: Michael Simcha
- Tenant: Paradise Family Childcare
- Landlord's Representative: James Famularo, Bobby Ortense & Myles Vandell - Meridian Capital Group
- Tenant's Representative: Remy Zohni - Tristate Commercial
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.
On the Map
$40
$40/SF
Retail
View full map
Players
Meridian Capital GroupBrokerage
Bronx Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit James Famularo to view all their deals.
Browse Bronx retail leases on Traded.
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