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4720 Third Avenue

Steven Hakakian Of Schuckman Realty Represents Atomic Wings In Lease At 4720 Third Avenue Bronx
LEASEDRetail

Steven Hakakian Of Schuckman Realty Represents Atomic Wings In Lease At 4720 Third Avenue Bronx

4720 Third Avenue

$130

Building Size

Asset Type

Retail

Closing

Jan 1, 2025

AI

The asset involved in this transaction is a retail space located at 4720 Third Avenue in the Bronx. The lease was finalized for January 1, 2025, with a rental rate of $130 per square foot.

Summary of transaction details:

Steven Hakakian, acting as the tenant's representative, facilitated this lease agreement for Atomic Wings, which is currently in the process of expanding its presence nationwide, including locations in New York and New Jersey. Greg Parassio represented the Sioni Group, the landlord in this transaction.

Players

Greg Parassio

Booth Street

Broker

22 deals

Broker
Sioni Group
Sioni GroupLandlord

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

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93