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815 East 135th Street

Daniel Group Leases Industrial Space At 815 East 135th Street To NYC Shelter Housing For 10 Years
LEASEDIndustrial

Daniel Group Leases Industrial Space At 815 East 135th Street To NYC Shelter Housing For 10 Years

815 East 135th Street

$27

$27/SF

Building Size

29,700 SF

Asset Type

Industrial

Closing

Apr 29, 2025

AI

The property asset involved in the context is located at 815 East 135th Street, Bronx. It is an industrial asset available for lease, with a lease term of 10 years under a double net lease. The asking rent is set at $27 per square foot, encompassing a total square footage of 29,700. The landlord for this transaction is Daniel Group.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $27/ft
  • Square Footage: 29,700
  • Address: 815 East 135th Street
  • Market: Bronx
  • Landlord: Daniel Group
  • Tenant: NYC Shelter Housing
  • Lease Term: 10 Years
  • Lease Type: Double Net Lease
  • Landlord's Representatives: Elie Cohen - Leviathan Leasing, Yaron Cohen & Daniel Cohen - Leviathan Capital

The deal involves key representatives including Elie Cohen from Leviathan Leasing, alongside Yaron Cohen and Daniel Cohen from Leviathan Capital, who represent the landlord in this transaction. The tenant in this deal is the NYC Shelter Housing, which marks a significant commitment to the location.

Players

Yaron Cohen

Leviathan Capital

Broker

12 deals

Broker
DG
Daniel GroupLandlord

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

587518.52%

Cash-on-Cash

-167914.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93