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126 Alexander Ave, The Bron...

EXR Somerset Represents Ink Studios In Mixed-Use Lease At 126 Alexander Avenue, Mott Haven
LEASEDMixed-use

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.

Players

Andrew J. Roth

Somerset Residential

Broker

$11.5M

vol

13 deals

Broker

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