Kamco Supply Leases 57,544 SF Warehouse In Bronx, NY
1200 Zerega Avenue Bronx, New York 10462, USA
Building Size
57,544 SF
Asset Type
Industrial
Closing
Jun 26, 2023
AI
Kamco Supply has signed a lease for a 57,544-square-foot warehouse at 1200 Zerega Avenue in the Bronx. The industrial property, owned by Simone Development and represented by Josh Gopan, will serve as a storage and shipping hub for construction materials.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Square Footage: 57,544
- Address: 1200 Zerega Avenue
- Market: Bronx
The lease transaction was facilitated by Mathew Diana of DY Realty, working on behalf of the tenant, Kamco Supply. The deal highlights the demand for warehouse spaces in the Bronx, as companies like Kamco Supply seek convenient locations to store and distribute construction materials.
Players
New York 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