Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2015
Building Area

Property Description

Triangle Plaza Hub is a grocery anchored retail and medical office building consisting of four commercial condominium units totaling 49,720 rentable square feet located in the Mott Haven neighborhood of Bronx, New York. Built in 2015, the Property is 97% occupied with 13.6 years of weighted average lease term (“WALT”). Triangle Plaza Hub is rooted by a healthcare, food-centric, necessity-based tenant-mix offering reliable in-place cashflow. The tenancy is comprised of 61% medical office, 30% grocery retailer, and 9% food & beverage, none of which see a lease expiration until February 2028. On-site parking offers tenants and customers convenient accessibility with 83 roof-deck spaces which is a rarity in New York City. Situated on a prime corner with 478 feet of highly visible frontage, the Asset benefits from the substantial vehicular traffic exposure. Triangle Plaza Hub represents a rare opportunity for an investor to acquire an attractive asset with stable cash-flow in a highly trafficked and rapidly growing submarket.

Investment Highlights

LONG-TERM TENANCY WITH 13.6 YEARS OF WALT


ESSENTIAL TENANT BASE


ICAP TAX SAVINGS


RESIDENTIAL BOOM WITH DENSE POPULATION BASE


TRANSIT ORIENTED, HIGH-TRAFFIC CORRIDOR


Last Updated Date: 19 Aug 2021
Steven Rutman
Steven Rutman
Director, Capital Markets
License details
NJ-1220994 PA-RS320021 NY-10401278083
Rob Hinckley
Rob Hinckley
Managing Director, Capital Markets
License details
CA-01811226: NY-10401240592

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Last Updated Date: 19 Aug 2021

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