M.A. Events LLC Leases Retail Space At 3480 Boston Road In Bronx
3480 Boston Road, Bronx, NY, USA
Building Size
3,000 SF
Asset Type
Retail
Closing
Aug 12, 2021
AI
The retail property located at 3480 Boston Road in Bronx has recently been leased. The lease transaction took place on 08/12/2021. The property spans 3,000 square feet and is owned by Realty Management, represented by Andrew Weber. The tenant, M.A. Events LLC, was represented by Ayana Miller from Real Broker. James Famularo and Joseph Harary from Meridian Retail Leasing acted as the landlord's representatives in the deal. The asking rent for the property was $46 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 3480 Boston Road
- Market: Bronx
- Tenant: M.A. Events LLC
- Landlord: Realty Management - Andrew Weber
- Tenant's Representative: Ayana Miller - Real Broker
- Landlord's Representatives: James Famularo & Joseph Harary @Meridian_Retail_Leasing
- Asking Rent: $46/ft. - SF: 3,000
Ayana Miller from Real Broker represented the tenant, M.A. Events LLC, in the lease transaction. James Famularo and Joseph Harary from Meridian Retail Leasing acted as the landlord's representatives, representing Realty Management, owned by Andrew Weber. The lease agreement for the retail property at 3480 Boston Road was successfully finalized for the asking rent of $46 per square foot.
Players
New York 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