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INVESTMENT HIGHLIGHTS
STRONG TENANT BASE The Property is leased to Zwanger-Pesiri Radiology, the largest private radiology practice in metro New York City with over 22 locations. Currently Lenox Hill Radiology (aka RadNet) and NYCDocs have subleases with Zwanger-Pesiri at the site.
SUBSTANTIAL RENOVATION In 2019, a major renovation was completed transforming the Property into a state-of-the-art radiology and imaging facility with broad services including: MRI, CT, Ultrasound and X-ray capabilities. The tenant and landlord each invested over $4 million in improvements to the facility including a new roof, new parking lot and HVAC systems.
LONG-TERM LEASE The Property has over twenty (20) years of lease term remaining with attractive 10% increases every five (5) years. Zwanger-Pesiri is responsible for all expenses and CAM related to the site providing long-term passive income to investors.
ATTRACTIVE ASSUMABLE LOAN The current 4.54%, interest-only loan is assumable with well over five (5) years remaining offering a substantial positive cash flow opportunity.
SUPERIOR DEMOGRAPHICS The Property benefits from outstanding demographics, with an average household income above $74,000 (5-mile radius) and a 5-mile population over 2,000,000.
EXCELLENT LOCATION The Property is well located in the Parkchester Neighborhood of the Bronx across from the “6” Train stop at Parkchester Station on the Hugh Grant Circle. It offers excellent accessibility to Manhattan and the greater New York Metro area via automobile or mass transit.
