Bronx Wine And Spirits Leases Retail Space At 310 Grand Concourse, Bronx
310 Grand Concourse, Bronx, NY, 10451
Building Size
1,800 SF
Asset Type
Retail
Closing
Oct 25, 2022
AI
The retail property located at 310 Grand Concourse, Bronx, NY, 10451, with a square footage of 1800, was leased on 10/25/2022. The tenant, Bronx Wine and Spirits, secured the space from the landlord, YS Developers, in the Bronx market. Zacharia "Zack" Setton from Tri State Commercial Realty represented the tenant in this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Bronx Wine and Spirits
- Landlord: YS Developers
- Square Feet: 1800
- Tenant's Rep: Zacharia "Zack" Setton (Tri State Commercial Realty)
NOTE: The specific transaction amount was not provided in the context details. However, it is evident that Bronx Wine and Spirits successfully secured this retail space in the Bronx market with the representation of Zacharia "Zack" Setton from Tri State Commercial Realty.
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