SOMOS Community Care Leases 20761 Square Feet At 5500 Broadway Bronx From ABS Partners Real Estate
5500 Broadway, Bronx, NY, 10463
Building Size
20,761 SF
Asset Type
Retail
Closing
Oct 5, 2020
About this deal
AI
This property asset is located at 5500 Broadway, Bronx, NY, 10463. It is situated in the Bronx market and has a total area of 20,761 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: SOMOS Community Care
- Landlord: ABS Partners Real Estate
- Tenant's Representative: Edward Klaynberg, Jonathan Bachrach - Turnkey Office Space
The transaction involved key figures from ABS Partners Real Estate representing the landlord, while Edward Klaynberg and Jonathan Bachrach acted as the representatives for the tenant, SOMOS Community Care, emphasizing the collaborative efforts in securing this lease.
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