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1877 Webster Ave, Bronx, NY...

A3 Productions Leases Office Space In Bronx From Landlord Chestnut Holdings
LEASEDOffice

A3 Productions Leases Office Space In Bronx From Landlord Chestnut Holdings

1877 Webster Ave, Bronx, NY, 10457

Building Size

4,200 SF

Asset Type

Office

Closing

Jul 27, 2021

AI

The office located at 1877 Webster Ave, Bronx, NY, 10457, boasts 4200 square feet of space and was involved in a lease transaction on July 27, 2021, in the Bronx market. The landlord, Chestnut Holdings, finalized the deal with tenant A3 Productions, facilitated by landlord's rep Michael Gilbert from Coldwell Banker.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 1877 Webster Ave, Bronx, NY, 10457
  • Market: Bronx
  • Tenant: A3 Productions
  • Landlord: Chestnut Holdings
  • Square Feet: 4200
  • Landlord's Rep: Michael Gilbert (Coldwell Banker)

The deal involved the landlord's representative, Michael Gilbert of Coldwell Banker, and the tenant, A3 Productions. This transaction underscores the synergy between landlord Chestnut Holdings and the tenant, A3 Productions, in the leasing of 4200 square feet of office space in the dynamic Bronx market.

Players

Michael Gilbert

Coldwell Banker

Broker

$2.9M

vol

2 deals

Broker
Chestnut Holdings
Chestnut HoldingsLandlord

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