Benzion Ferziger Leases Retail Space To Vivant Clothing At 2612-2614 East Tremont Avenue
2612-2614 East Tremont Avenue
$32
$32/SF
Building Size
1,125 SF
Asset Type
Retail
Closing
Oct 15, 2024
AI
The property asset involved in the transaction is located at 2612-2614 East Tremont Avenue in the Bronx market. It is a retail space with a square footage of 1,125 and is leased under a Modified Gross Lease at an asking rent of $32 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2612-2614 East Tremont Avenue
- Market: Bronx
- Landlord: Benzion Ferziger
- Tenant: Vivant Clothing
- Landlord's Representative: Rick Stassa - Emerald Commercial Properties
- Tenant's Representative: Cole Kleppinger - Meridian Capital Group
Key individuals involved in the deal include landlord Benzion Ferziger, represented by Rick Stassa from Emerald Commercial Properties, and tenant Vivant Clothing, represented by Cole Kleppinger from Meridian Capital Group. Their representation highlights the respective interests of the landlord and tenant in this retail lease transaction.
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
495718.75%
Cash-on-Cash
-141677.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93