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
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.
Players
Thornwood Office Market Snapshot
Boundary boundary · 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