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
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