Despite the current coronavirus pandemic, KZA Realty Group has secured two major leasing deals that will continue to support the Bronx’s ever-growing economic development.
“It is during these difficult times that we find ourselves coming together. For that reason, we will continue to have the Bronx’s best interest in mind and pursue avenues of opportunities despite the outbreak of COVID-19” said Kathy Zamechansky, president of KZA Realty Group.
In her latest business transaction, Kathy Zamechansky represented the owner, Emanuel Kokinakas of Mega Group Inc., at 2558 Marion Avenue. It was purchased at the agreed upon price of $600,000 by Pedro Alvarez of APG Holding LLC, as represented by Nelson L. Castro of Diaz & Associates. This 4,900 square foot lot contains a pre-existing storefront, parking lot, and a one-family house with additional office space.
The second location, also represented by Kathy Zamechansky, was the lease of 1,730 square feet of commercial space at 1776 Boston Road. Duley Paniagua of KZA Realty Group, represented Rosemary Simo, M.D., and secured a 10-year base lease for the price of $682,109.75. Dr. Simo plans on opening her Compassionate Medical Practice in this space, which is conveniently located under the High Hawk Apartment Building. She also has the option of extending her lease for another 5 years at the rate of $438,509.43.
"The 174th Street corridor (neighborhood) has experienced substantial residential growth over the last 7 years. Dr. Simo’s medical practice is sorely needed in the area. Dr. Simo taking newly constructed commercial space will ensure medical services are provided in the area for years to come. Kathy and her team did a great job driving the lease to execution and providing fair terms for both the landlord and Dr. Simo" said Mark Bourbeau of Sycamore Birch Management.
The High Hawk is an 8-story mixed use affordable housing building with 72 apartments and almost 6,800 square feet of retail space. It is within walking distance to major transportation and the Bronx’s Crotona Park.