Oren Altmark Of Altmark Group Leases Retail Space To Growing Together After School In Bronx
2505 Third Avenue
$29
$29/SF
Building Size
3,300 SF
Asset Type
Retail
Closing
Apr 2, 2025
AI
The property asset involved in this lease transaction is located at 2505 Third Avenue in the Bronx. This retail space consists of 3,300 square feet and has an asking rent of $29 per square foot. The lease type for this transaction is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $29/ft
- Square Footage: 3,300
- Address: 2505 Third Avenue
- Market: Bronx
- Landlord: Oren Altmark - Altmark Group
- Tenant: Growing Together After School
- Landlord's Representative: Ben Biberaj & Desi Avidane - Meridian Capital Group
- Tenant's Representative: Danny Heredia - Meridian Capital Group
Key individuals involved in this transaction include Oren Altmark, representing the Altmark Group as the landlord, and Danny Heredia, who represents the tenant, Growing Together After School. The landlord's representatives, Ben Biberaj and Desi Avidane, are from Meridian Capital Group, indicating their role in facilitating this lease agreement.
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
547000.00%
Cash-on-Cash
-156334.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93