Puerto Rican Family Institute Leases Specialty Space In Bronx From Vaja Group For $45/ft

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.