Puerto Rican Family Institute Leases Specialty Space In Bronx From Vaja Group For $45/ft
LEASED
$45
New York
See Similar DealsSpecial Purpose5,000 SF
Leased 12/15/2022
LEASED
Puerto Rican Family Institute Leases Specialty Space In Bronx From Vaja Group For $45/ft
1420 Stebbins Avenue, The Bronx, New York 10459, United States
See Similar DealsSpecial Purpose5,000 SF
Leased 12/15/2022
Summary
NEW YORK
Asset Type:Special Purpose
Price Per Square Foot:$45
Total Square Footage:5,000 SF
Transaction Type:Lease
The property at 1420 Stebbins Avenue in Bronx has been leased to Puerto Rican Family Institute. The lease terms are for 10 years, with an asking rent of $45 per square foot and a total square footage of 5,000. The lease was facilitated by Dov Bleich of Tri-State Commercial Realty, representing the tenant. The landlord, Vaja Group, was represented by Moses Freund.
Summary of transaction details
- Property Type: Specialty
- Transaction Amount: Not applicable (leased)
- Address: 1420 Stebbins Avenue, Bronx
- Market: Bronx
The lease of the property at 1420 Stebbins Avenue was facilitated by Dov Bleich of Tri-State Commercial Realty, representing Puerto Rican Family Institute. Vaja Group, the landlord, was represented by Moses Freund. The lease terms include a 10-year duration and an asking rent of $45 per square foot for a total of 5,000 square feet.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$257,937.28
Total Lease Value
$2,579,372.85
Net Landlord Cash Flow$257,937.28
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