facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Lease

/

16 Harrison Avenue

Kimber America Leases Industrial Space To Patina Rentals At 16 Harrison Avenue In Yonkers
LEASEDIndustrial

Kimber America Leases Industrial Space To Patina Rentals At 16 Harrison Avenue In Yonkers

16 Harrison Avenue

$18

$18/SF

Building Size

25,000 SF

Asset Type

Industrial

Closing

Dec 23, 2024

AI

The property asset involved in this transaction is located at 16 Harrison Avenue, Yonkers, designated as an industrial asset with a lease type of NNN Lease. The asking rent for this space is $18 per square foot, encompassing a total square footage of 25,000. The landlord for this property is Kimber America, while the tenant is Patina Rentals.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $18/ft
  • Square Footage: 25,000
  • Address: 16 Harrison Avenue
  • Market: Yonkers
  • Landlord: Kimber America
  • Tenant: Patina Rentals
  • Broker: Corey Cohen - The Roebling Group

The deal was facilitated by broker Corey Cohen, founder of The Roebling Group. Cohen expressed enthusiasm in supporting Patina Rentals with their relocation to this site and indicated that the space meets their operational needs effectively. The transaction highlights the growing appeal of Yonkers as a location for innovative companies.

Players

Corey Cohen

Broker

5 deals

Broker

Yonkers Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

881277.78%

Cash-on-Cash

-251871.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93