West African Import Leases 10,000 SF Industrial Space At 815 East 135th Street Bronx
815 East 135th Street
$30
$30/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Dec 22, 2024
AI
The property involved in this transaction is an industrial asset located at 815 East 135th Street in the Bronx. It has a total square footage of 10,000 and is leased at an asking rent of $30 per square foot. The lease duration agreed upon is 10 years under a Double Net Lease structure.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $300,000
- Address: 815 East 135th Street
- Market: Bronx
- Tenant: West African Import
- Lease Term: 10 years
- Lease Type: Double Net Lease
- Brokers: Elie Cohen & Yaron Cohen - Leviathan Leasing
The transaction features key individuals Elie Cohen and Yaron Cohen, who acted as the brokers representing the leasing party in this deal. They were instrumental in facilitating the agreement between the tenant and the property owner throughout the negotiation process.
Players
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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93