Cliff Simon Of CNS Real Estate Represents Tenant In Lease At 2948 3rd Ave Bronx For 55000 Sq Ft
2948 3rd Ave, Bronx, NY, 10455
Building Size
55,000 SF
Asset Type
Retail
Closing
Aug 24, 2017
About this deal
AI
The property involved in this lease transaction is located at 2948 3rd Ave, Bronx, NY, 10455, within the Bronx market. The total square footage of the asset is 55,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2948 3rd Ave, Bronx, NY, 10455
- Market: Bronx
- Square Feet: 55000
- Landlord: Alex Adjmi
- Tenant's Representative: Cliff Simon-CNS Real Estate, Clifford Simon-CNS Real Estate
In this transaction, Alex Adjmi represents the landlord while Cliff Simon, also from CNS Real Estate, represents the tenant. Their involvement highlights the collaboration between the parties in finalizing this lease agreement in the Bronx area.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93