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
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