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1733 Eastchester Road

LEASEDMedical Office

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

Joseph Simone

Simone Development Companies

Broker

1 deal

Broker
UC
U.S. Department of Veterans Affairs Vet CenterBuyer
Joseph (Joe) Simone

Joseph Simone

Simone Development Companies

Landlord

1 deal

Landlord
UA
U.S. General Services AdministrationTenant

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