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3480 Boston Road, Bronx, NY...

M.A. Events LLC Leases Retail Space At 3480 Boston Road In Bronx
LEASEDRetail

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

Joseph Harary

Meridian Capital Group

Broker

6 deals

Broker
SM
SK Realty ManagementLandlord

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