Bertone Piccini Renews Lease At Heights Plaza In Hasbrouck Heights, NJ
777 Terrace Avenue
Building Size
11,850 SF
Asset Type
Office
Closing
Feb 29, 2024
AI
Located at 777 Terrace Avenue in Hasbrouck Heights, the office space spanning 11,850 square feet served as the backdrop for the lease transaction between Alfred Sanzari Enterprises and Bertone Piccini LLP.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: David Sanzari & Ryan Sanzari - Alfred Sanzari Enterprises
- Tenant: Jeremy Piccini - Bertone Piccini LLP
- Landlord's Rep: Stephen Jennings - Alfred Sanzari Enterprises
- Tenant's Rep: Robert Norton - CBRE
Bertone Piccini LLP, a women-owned law firm, chose to renew its lease, demonstrating its commitment to its presence within Heights Plaza. Specializing in commercial real estate and health care law, the firm prioritizes client service and practical counsel as it expands its practice.
Players
Hasbrouck Heights 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