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

1420 Stebbins Avenue
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This Special Purpose property located in NY was leased over 1 year ago. The asking rent per square foot was $45. The broker of the deal was Dov Bleich

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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Deals
  • Location
    1420 Stebbins Avenue, The Bronx, New York 10459, United States1420 Stebbins Avenue, The Bronx, New York 10459, United States
  • Leased Value
    $45$45
  • Asking Rent
    $45 PSF$45 PSF
  • Area
    5,000 SF5,000 SF
  • Asset Type
    Special PurposeSpecial Purpose
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Dov Bleich

Dov Bleich

Deals20
Sold$12.4M

Agency

Tri State Commercial Realty

Tri State Commercial Realty

Agency
Deals116
Volume$118.3M

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Deal Summary

LEASE IMAGE: Dov Bleich DATE: 12/15/2022 ADDRESS: 1420 Stebbins Avenue MARKET: Bronx ASSET TYPE: Specialty LANDLORD: Vaja Group - Moses Freund TENANT: Puerto Rican Family Institute BROKER: Dov Bleich (@DovBleich) - Tri-State Commercial Realty (@TriStateCommercial) ASKING RENT: $45/ft. ~ SF: 5,000 LEASE TERMS: 10 years

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1420 Stebbins Avenue

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