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626 Bergen Ave, The Bronx, ...

Prosperity Child Development Inc. Leases Retail Space In La Central, Bronx
LEASEDRetail

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

Kathy Zamechansky

Broker

$11.3M

vol

6 deals

Broker
Brenda Rosen

Brenda Rosen

Breaking Ground

Landlord

$255M

vol

2 deals

Landlord

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