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1100 Franklin Ave, Bronx, N...

Forever Young Daycare Leases School In Bronx From Franklin Avenue Estates
LEASEDSchool

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

Samuel Hartstein

Gemstone Realty Group

Broker

$5.5M

vol

15 deals

Broker
FD
Forever Young DaycareTenant

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