Prosperity Child Development Inc. Leases Retail Space In La Central, Bronx
626 Bergen Ave, The Bronx, NY 10455, USA
Building Size
4,042 SF
Asset Type
Retail
Closing
Aug 2, 2020
AI
Located at 626 Bergen Avenue in La Central, Bronx, this ground floor retail space was recently leased. The property spans 4,042 square feet and was listed at an asking rent of $35 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 08/03/2020
- Address: 626 Bergen Avenue, La Central, Bronx
- Market: Bronx
- Asking Rent: $35
- Square Footage: 4,042
The tenant for this retail space is Prosperity Child Development Inc., while the landlord is Breaking Ground, represented by Brenda Rosen. Keion Smith from Habendum represented the tenant in the deal, and Kathy Zamechansky from KZA Realty served as the landlord's representative.
Habendum specializes in commercial leasing and sales in the five boroughs. For more information, you can contact Habendum Real Estate directly at 917-261-6561. Keion Smith can also be reached at 347-661-3993, and Kathy Zamechansky from KZA Realty can be contacted at 718-829-5775.
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