Centers Urgent Care Signs 10-Year Lease For Retail Space At 925 Hunts Point Ave, Bronx
925 Hunts Point Avenue
$100
$100/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Jan 10, 2023
AI
The property involved in this lease transaction is a retail space located at 925 Hunts Point Avenue in the Bronx. The asset spans 2,200 square feet and is represented by Blumenfeld Development Group as the landlord. The tenant for this lease is Centers Urgent Care, and they are represented by Samuel Hartstein from Gemstone Realty Group LLC. The lease term is for 10 years, and the asking rent is $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not applicable (lease)
- Address: 925 Hunts Point Avenue
- Market: Bronx
- Landlord: Blumenfeld Development Group
- Tenant: Centers Urgent Care
- Landlord's Rep: Karnit Mosberg - Royal Properties
- Tenant's Rep: Samuel Hartstein - Gemstone Realty Group LLC
- Asking Rent: $100/ft
- Lease Term: 10 years
In this lease transaction, Karnit Mosberg from Royal Properties represents the landlord, Blumenfeld Development Group. Samuel Hartstein from Gemstone Realty Group LLC acts as the tenant's representative, negotiating the lease terms on behalf of Centers Urgent Care. Please note that there is no information available regarding any additional details or individuals involved in this transaction.
Players
Bronx NY 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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93