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.
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