Forever Young Daycare Leases School In Bronx From Franklin Avenue Estates
1100 Franklin Ave, Bronx, NY, 10456
Building Size
10,000 SF
Asset Type
School
Closing
Jun 23, 2022
AI
The property at 1100 Franklin Ave, Bronx, NY, 10456, is a 10,000 square foot school located in the Bronx. The landlord's representative in this lease transaction was Samuel (Sam) Hartstein from Gemstone Realty Group. The tenant, Forever Young Daycare, finalized the lease agreement with the landlord, Franklin Avenue Estates, on 06/23/2022.
Summary of transaction details:
- Property Type: School
- Transaction Amount: Not Available
- Market: Bronx
Forever Young Daycare entered into a lease agreement for the school property at 1100 Franklin Ave. Samuel (Sam) Hartstein of Gemstone Realty Group represented the landlord, Franklin Avenue Estates, in this transaction.
Players
Bronx School Market Snapshot
Boundary boundary · School · 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