Salomon Cojab Leases 1,250 SF Retail Space To Karan Radadiya At 3052 3rd Avenue Bronx
3052 Third Avenue
$37
$37/SF
Building Size
1,250 SF
Asset Type
Retail
Closing
Sep 9, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 3052 3rd Avenue in the Bronx. The asking rent for this space is $37 per square foot, with a total area of 1,250 square feet. The lease term is set for 5 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $37/ft
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
- Landlord: Salomon Cojab
- Tenant: Karan Radadiya
- Broker: Preeti Mirani - Besen Partners
This transaction highlights the involvement of Salomon Cojab as the landlord and Karan Radadiya as the tenant. The representation in this deal was conducted by Preeti Mirani from Besen Partners, facilitating the terms of the lease agreement.
On the Map
$37
$37/SF
Retail
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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
428729.73%
Cash-on-Cash
-122532.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93