Sky Deli Grocery Leases Retail Space From Joel Gross At 3015 Third Avenue In Bronx
3015 Third Avenue
$90
$90/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Jan 20, 2025
AI
The retail asset involved in this transaction is located at 3015 Third Avenue in the Bronx. The property has a total square footage of 1,500 and the asking rent is set at $90 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Square Footage: 1,500
- Address: 3015 Third Avenue
- Market: Bronx
- Landlord: Joel Gross
- Tenant: Sky Deli Grocery
- Brokers: Solomon Sharaby & Ezra Falack - KSR
- Lease Type: Retail Lease
The key individuals involved in this transaction include landlord Joel Gross and tenant Sky Deli Grocery. The deal was brokered by professionals Solomon Sharaby and Ezra Falack from KSR, who facilitated the retail lease agreement.
Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93