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Centers Urgent Care Signs 10-Year Lease For Retail Space At 925 Hunts Point Ave, Bronx

Property Image
LEASED
$100

New York

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Retail2,200 SF
Leased 01/10/2023
the dealdetailscomps
Property Image
LEASED

Centers Urgent Care Signs 10-Year Lease For Retail Space At 925 Hunts Point Ave, Bronx

925 Hunts Point Avenue

See Similar Deals
Retail2,200 SF
Leased 01/10/2023

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:2,200 SF
Transaction Type:Lease

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.

Details

LEASED
IMAGE: Samuel Hartstein DATE: 01/10/2023 ADDRESS: 925 Hunts Point Avenue MARKET: Bronx ASSET TYPE: Retail LANDLORD: Blumenfeld Development Group TENANT: Centers Urgent Care LANDLORD's REP: Karnit Mosberg - Royal Properties TENANT'S REP: Samuel Hartstein (@Sam_Hartstein12) - Gemstone Realty Group LLC ASKING RENT: $100/ft ~ SF: 2,200 LEASE TERM: 10 years

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Deal Type
Effective Rent (Annual)

$252,205.34

Total Lease Value

$2,522,053.45

Net Landlord Cash Flow$252,205.34