Aharon Benhamo Leases Retail Space To Budget Truck Rental At 4075 Boston Road Bronx
4075 Boston Road
$23
$23/SF
Building Size
21,400 SF
Asset Type
Retail
Closing
Jan 1, 2025
About this deal
AI
A retail asset located at 4075 Boston Road in the Bronx is involved in this lease transaction. The property spans 21,400 square feet and is under a Single Net Lease agreement. The asking rent for this location is set at $35 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $749,000
- Address: 4075 Boston Road
- Market: Bronx
- Landlord: Aharon Benhamo
- Tenant: Budget Truck Rental
- Landlord's Representative: Ariel Castellanos & Federico Mazzeo - Pinnacle Realty of New York
- Tenant's Representative: Steve Lorenzo & Garry Steinberg - Lee & Associates
The deal includes representation by Ariel Castellanos and Federico Mazzeo from Pinnacle Realty of New York for the landlord, while the tenant is represented by Steve Lorenzo and Garry Steinberg from Lee & Associates. This collaboration reflects the involvement of multiple professionals working in tandem to execute the lease.
On the Map
$23
$23/SF
Retail
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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
689695.65%
Cash-on-Cash
-197117.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93