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475 Market Street

Alfred Sanzari Enterprises Secures Lease For Office Space At Elmwood Park Plaza
LEASEDOffice

Alfred Sanzari Enterprises Secures Lease For Office Space At Elmwood Park Plaza

475 Market Street

Building Size

4,016 SF

Asset Type

Office

Closing

Feb 15, 2024

AI

Alfred Sanzari Enterprises recently finalized a lease transaction for a 4,016-square-foot office space located at 475 Market Street in Elmwood Park. The property, situated in the Elmwood Park Plaza, offers a suitable location for the tenant, C&S Fencing Inc., to establish its new headquarters. Spanning across the tri-state area, C&S Fencing Inc. is a family-owned company seeking to expand its services.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Square Footage: 4,016 SF
  • Address: 475 Market Street
  • Market: Elmwood Park

The broker representing C&S Fencing Inc. in this lease deal is Stephen Jennings from Alfred Sanzari Enterprises. With his expertise, Jennings facilitated the agreement between the tenant and the landlord, ensuring a favorable outcome for both parties involved.

Players

Stephen Jennings

Alfred Sanzari Enterprises

Broker

10 deals

Broker

Elmwood Park Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93