Union Community Health Center Leases Office Space At 2021 Grand Concourse In Fordham Heights
2021 Grand Concourse, The Bronx, NY, USA
Building Size
19,730 SF
Asset Type
Office
Closing
Feb 16, 2021
AI
An office space located at 2021 Grand Concourse in Fordham Heights has been leased. The property, spanning 19,730 square feet, was leased by Union Community Health Center from landlords Edward Cohen and Jeffrey Chera. The lease was handled by brokers Ralph Chera and David Ash. The asking rent for the space was $38 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 2021 Grand Concourse
- Market: Fordham Heights
- Tenant: Union Community Health Center
- Landlord: Edward Cohen & Jeffrey Chera
- Brokers: Ralph Chera & David Ash
The property offers full floors, two elevators, a separate freight entrance, and a dedicated entrance for a large block user. Additionally, the building is undergoing a renovation. It is conveniently located near the B, D, and 4 subway lines. For more information about this lease, interested parties can reach out to Omar Sozkesen at CushWake.
Players
New York 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