facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

4720 Third Avenue

Noam Aziz & Samuel Mukamal Represent Ice Cream Shop In Bronx Retail Lease
LEASEDRetail

Noam Aziz & Samuel Mukamal Represent Ice Cream Shop In Bronx Retail Lease

4720 Third Avenue

$120

$120/SF

Building Size

1,038 SF

Asset Type

Retail

Closing

Jun 1, 2024

AI

The retail property located at 4720 Third Avenue in Bronx was leased to an ice cream shop. The deal involved an asking rent of $120 per square foot for a total space of 1,038 square feet. The landlords, Jack & Ray Yadidi of Sioni Group, facilitated the lease agreement with the ice cream shop.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 4720 Third Avenue
  • Market: Bronx
  • Asset Type: Retail
  • Landlord: Jack & Ray Yadidi - Sioni Group
  • Tenant: Ice Cream Shop
  • Landlord's Rep: Greg Parassio - Booth Street
  • Tenant's Rep: Noam Aziz & Samuel Mukamal - Meridian Capital Group
  • Asking Rent: $120 per square foot
  • Lease Type: Retail Lease

Noam Aziz and Samuel Mukamal from Meridian Capital Group represented the ice cream shop as their tenant's representatives in the leasing transaction. Greg Parassio from Booth Street acted as the landlord's representative, ensuring a successful agreement between the parties involved.

Players

Greg Parassio

Booth Street

Broker

22 deals

Broker

Bronx Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93