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1776 Eastchester Rd, Bronx,...

Simone Development Leases 877 Square Feet At 1776 Eastchester Rd Bronx With Landlord's Reps Josh Gopan And James MacDonald
LEASEDOffice

Simone Development Leases 877 Square Feet At 1776 Eastchester Rd Bronx With Landlord's Reps Josh Gopan And James MacDonald

1776 Eastchester Rd, Bronx, NY, 10461

Building Size

877 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 1776 Eastchester Rd, Bronx, NY, 10461. It features 877 square feet and is situated in the Bronx market. The landlord associated with this lease is Simone Development.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not provided
  • Square Feet: 877
  • Address: 1776 Eastchester Rd, Bronx, NY, 10461
  • Market: Bronx
  • Landlord's Rep: Josh Gopan & James "Jim" MacDonald
  • Landlord: Simone Development

The key individuals representing the landlord in this deal are Josh Gopan and James "Jim" MacDonald, who played significant roles in facilitating the lease transaction on behalf of Simone Development.

Players

James MacDonald

Broker

$45M

vol

3 deals

Broker
SD
Simone DevelopmentLandlord

Bronx 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