Senior Center Signs 15-Year Lease At 31 West Tremont Avenue In Bronx
31 W Tremont Ave Bronx, NY 10453, USA
$40
$40/SF
Building Size
7,700 SF
Asset Type
Retail
Closing
Jul 10, 2023
About this deal
AI
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.
On the Map
$40
$40/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Samuel (Sam) Hartstein to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93