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
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