Senior Center Signs 15-Year Lease At 31 West Tremont Avenue In Bronx
LEASED
$40
New York
See Similar DealsRetail7,700 SF
Leased 07/10/2023
LEASED
Senior Center Signs 15-Year Lease At 31 West Tremont Avenue In Bronx
31 W Tremont Ave Bronx, NY 10453, USA
See Similar DealsRetail7,700 SF
Leased 07/10/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:7,700 SF
Transaction Type:Lease
The retail property located at 31 West Tremont Avenue in Bronx has recently been leased. Spanning over 7,700 square feet, the property is owned by Atlantic Development Group, led by Peter Fine. The lease agreement is with the tenant, a Senior Center, for a term of 15 years. The deal was facilitated by Samuel Hartstein of RIPCO, acting as the broker representing the landlord.
Summary of Transaction Details
- Property Type: Retail
- Address: 31 West Tremont Avenue, Bronx
- Market: Bronx
- Landlord: Atlantic Development Group - Peter Fine
- Tenant: Senior Center
- Broker: Samuel Hartstein - RIPCO
- Asking Rent: $40/ft
- Lease Term: 15 years
The lease agreement for the retail property at 31 West Tremont Avenue in Bronx was successfully negotiated by Samuel Hartstein from RIPCO, who represented the landlord, Atlantic Development Group. This lease transaction provides the Senior Center with a long-term space for their operations.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$353,087.48
Total Lease Value
$3,530,874.83
Net Landlord Cash Flow$353,087.48
Is there something missing? Send suggestions