U.S. General Services Administration Leases 5,234 Square Feet At 1733 Eastchester Road Bronx
1733 Eastchester Road
Building Size
5,234 SF
Asset Type
Medical Office
Closing
Jul 28, 2026
AI
The property asset involved in this transaction is a medical office located at 1733 Eastchester Road in the Bronx, with a total area of 5,234 square feet. The market for this asset is identified as Bronx. The property is part of a larger medical and office building that spans 27,275 square feet.
Summary of transation details:
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Address: 1733 Eastchester Road
- Market: Bronx
- Landlord: Joseph Simone - Simone Development Companies
- Tenant: U.S. General Services Administration & U.S. Department of Veterans Affairs Vet Center
This transaction highlights the interest of governmental entities in securing space for veteran services, showcasing a lease arrangement that strengthens the presence of the Department of Veterans Affairs in the Bronx. Joseph Simone represents Simone Development Companies, which has successfully completed this leasing agreement.
Players
Bronx Medical Office Market Snapshot
Boundary boundary · Medical Office · 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