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2 Spencer Pl, Scarsdale, NY...

Gleam Aesthetics Signs Lease For Office Space At 2 Spencer Place In Scarsdale
LEASEDOffice

Gleam Aesthetics Signs Lease For Office Space At 2 Spencer Place In Scarsdale

2 Spencer Pl, Scarsdale, NY 10583, USA

Building Size

1,000 SF

Asset Type

Office

Closing

Sep 30, 2020

AI

Located at 2 Spencer Place in Scarsdale, this office space in the Scarsdale market has recently been leased. The property, known as the Scarsdale Village Trophy Building, is owned by Spencer East Realty, represented by John Curreri. The tenant, Gleam Aesthetics, has signed a lease agreement for a 1,000 square foot space. The asking rent for this office space is $35 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 10/01/2020
  • Address: 2 Spencer Place, Scarsdale
  • Tenant: Gleam Aesthetics
  • Landlord: Spencer East Realty - John Curreri
  • Asking Rent: $35/ft.

Gleam Med Spa is one of three new tenants that have recently signed leases in this vibrant part of Scarsdale. Despite the challenges posed by Covid, the real estate team at Julia B Fee Sotheby’s, specifically Michael Keating and Ashley Badger, have successfully attracted retail and office tenants to this highly desirable location. These businesses were either looking to expand or launch their establishments in Scarsdale due to its walkable nature, high traffic, and affluent community.

Players

Ashley Badger

Sotheby's International Realty

Broker

2 deals

Broker

John J. Curreri

Landlord

$56.3M

vol

9 deals

Landlord

Scarsdale 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