EXR Somerset Represents Ink Studios In Mixed-Use Lease At 126 Alexander Avenue, Mott Haven
126 Alexander Ave, The Bronx, NY 10454, USA
Building Size
16,000 SF
Asset Type
Mixed-use
Closing
Feb 26, 2020
AI
A mixed-use property located at 126 Alexander Avenue in Mott Haven has been involved in a closed transaction. The property, with a total square footage of 1,600, was leased by Ink Studios. The landlord in this deal was Douglas Sitt. The deal was facilitated by Andrew Roth of EXR Somerset, who represented Ink Studios.
Summary of transaction details:
- Property Type: Mixed-use
- Tenant: Ink Studios
- Landlord: Douglas Sitt
- Broker: Andrew Roth - EXR Somerset
- Asking Rent: $46.5
- Square Footage: 1,600
Andrew Roth of EXR Somerset played a key role as the broker representing Ink Studios in this transaction. The rental agreement for the mixed-use property at 126 Alexander Avenue in Mott Haven was successfully negotiated with the landlord, Douglas Sitt.
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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