Callen-Lorde Leases 17,207 SF Mixed-Use Space At 555 Bergen Avenue In Bronx
555 Bergen Avenue
$835,000
$835,000/SF
Building Size
17,207 SF
Asset Type
Mixed-use
Closing
Sep 30, 2025
AI
The mixed-use property located at 555 Bergen Avenue in the Bronx comprises a total square footage of 17,207. The lease involved a Modified Gross Lease agreement, facilitating a new location for services provided by the tenant.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Date of Lease: 10/1/2025
- Landlord: ISJ Management - David Jemal & Joe Jemal
- Tenant: Callen-Lorde
- Tenant's Representative: Carri Lyon & Jenna Catalon - Cushman & Wakefield
The transaction highlights the involvement of ISJ Management as the landlord, represented by David Jemal and Joe Jemal, indicating their role in leasing to the nonprofit health and social services provider Callen-Lorde, which will be expanding its services in the South Bronx.
Players
Bronx 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
19.00%
Cash-on-Cash
-5.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93