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2505 Bruckner BLVD, New Yor...

Amazon Leases Industrial Space At 2505 Bruckner BLVD In Bronx
LEASEDIndustrial

Amazon Leases Industrial Space At 2505 Bruckner BLVD In Bronx

2505 Bruckner BLVD, New York, NY, 1...

Building Size

568,500 SF

Asset Type

Industrial

Closing

Nov 1, 2022

AI

The industrial property located at 2505 Bruckner BLVD in New York, NY, spans 568,500 square feet. It was recently leased to Amazon by Square Mile Capital in the Bronx market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Landlord: Square Mile Capital
  • Tenant: Amazon
  • Landlord's Representatives: Leslie Lanne(JLL), Robert (Rob) Kossar(JLL)

The lease deal was facilitated by Leslie Lanne and Robert Kossar of JLL, representing Square Mile Capital in the transaction. Amazon, a prominent tenant, secured this sizable industrial space in New York, adding to its extensive portfolio.

Players

Robert Kossar

JLL

Broker

$584.4M

vol

9 deals

Broker
Square Mile Capital
Square Mile CapitalLender
Amazon
AmazonLender
Square Mile Capital
Square Mile CapitalLandlord
Amazon
AmazonTenant

Bronx Industrial Market Snapshot

Boundary boundary · Industrial · 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