Simone Development Cos. Leases 16,750 SF Office Space In Thornwood, NY
1 Zeiss Drive
Building Size
16,750 SF
Asset Type
Office
Closing
Mar 28, 2024
About this deal
AI
1 Zeiss Drive in Thornwood, N.Y., witnessed a recent lease transaction involving a 16,750-square-foot office within the White Plains market. The property is part of a 129,168-square-foot office and R&D building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Specified
- Address: 1 Zeiss Drive
- Market: Thornwood
William Cuddy Jr from CBRE represented Simone Development Cos as the tenant in this lease deal with landlords Michael Rao & Frank Rao from New York Commercial Realty Group.
Traded’s record for 1 Zeiss Drive in Thornwood, New York covers a office lease from 2024. The building is 16,750 square feet, implying about 0 per square foot on the published price. William Cuddy Jr, CBRE appear on the lease alongside CBRE. This page is the Thornwood, New York file for the 1 Zeiss Drive office leased: pricing, party profiles, and other closed office comps from the same Thornwood sit in the Market section below. Filter that Thornwood office set by closing date to see what else leased near 1 Zeiss Drive around 2024. Cite this Simone Development Cos. Leases 16,750 SF Office Space In Thornwood, NY lease when underwriting similar office product around Thornwood, New York.
On the Map
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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