Urban-High Street

Bank of America & Investment Grade Medical Tenant

3510 Johnson Ave, The Bronx, NY 10463

Listing Price: $10,702,820

Cap Rate
5.00%
Gross SF
8,867
Rentable SF
8,867
Price/Gross SF
$1,207.04
Lot Size
0.17 acres
Year Built
1968

Investment Overview

Bank of America •47 Million Consumer and Small Business Relationships •Approximately 4,700 Retail Financial Centers, 16,000 ATMs, and Award-Winning Online Banking with Approximately 33 Million Active Users and Approximately 20 Million Mobile Users •S&P A+ Credit Rating ?Montefiore Health System •15 Member Hospitals and more than 200 Outpatient Ambulatory Care Sites Servicing the Bronx, Westchester and the Hudson Valley •Ranked Among the Top Hospitals Nationally and Regionally by U.S. News & World Report •S&P BBB Credit Rating

Investment Highlights

  • BANK OF AMERICA: Original 1965 Triple-Net (NNN) Lease •Lease Renewal | 10 Years Remaining •10% Increase in Year 5 •Bank Deposits Exceeding $100 Million
  • MONTEFIORE MEDICAL CENTER: Original 1998 Double Net (NN) Lease •Lease Renewal | 8 Years Remaining •3% Annual Increases
  • Corporate Guarantees | Investment Grade Credit Tenants

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Financing By

Urban-High Street

Bank of America & Investment Grade Medical Tenant

Listing Price: $10,702,820

Cap Rate
5.00%
Gross SF
8,867
Rentable SF
8,867
Price/Gross SF
$1,207.04
Lot Size
0.17 acres
Year Built
1968

Investment Highlights

  • BANK OF AMERICA: Original 1965 Triple-Net (NNN) Lease •Lease Renewal | 10 Years Remaining •10% Increase in Year 5 •Bank Deposits Exceeding $100 Million
  • MONTEFIORE MEDICAL CENTER: Original 1998 Double Net (NN) Lease •Lease Renewal | 8 Years Remaining •3% Annual Increases
  • Corporate Guarantees | Investment Grade Credit Tenants

Investment Overview

Bank of America •47 Million Consumer and Small Business Relationships •Approximately 4,700 Retail Financial Centers, 16,000 ATMs, and Award-Winning Online Banking with Approximately 33 Million Active Users and Approximately 20 Million Mobile Users •S&P A+ Credit Rating ?Montefiore Health System •15 Member Hospitals and more than 200 Outpatient Ambulatory Care Sites Servicing the Bronx, Westchester and the Hudson Valley •Ranked Among the Top Hospitals Nationally and Regionally by U.S. News & World Report •S&P BBB Credit Rating

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Financing By

MM Texture Background
MM Textured Background Lower