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1200 Zerega Avenue

Simone Development Corp. Leases 44,526 SF Industrial Space To Anthony Lawrence Belfair In Bronx
LEASEDIndustrial

Simone Development Corp. Leases 44,526 SF Industrial Space To Anthony Lawrence Belfair In Bronx

1200 Zerega Avenue

$100

$100/SF

Building Size

44,526 SF

Asset Type

Industrial

Closing

Oct 16, 2024

AI

The property located at 1200 Zerega Avenue in the Bronx is an industrial asset encompassing 44,526 square feet. The lease type for this transaction is a Modified Gross Lease.

Summary of transaction details:

Representing the landlord in this lease transaction is Simone Development Corp, while Anthony Lawrence Belfair takes on the role of tenant. The brokers involved are Helen Paul from Cushman & Wakefield and Joseph Caputo from Exit Realty Premier.

Players

Helen Paul

Cushman & Wakefield

Broker

5 deals

Broker

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93