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2021 Grand Concourse, The B...

Union Community Health Center Leases Office Space At 2021 Grand Concourse In Fordham Heights
LEASEDOffice

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

David Ash

Prince Realty Advisors

Broker

$1.3B

vol

6 deals

Broker
Prince Realty Advisors
Prince Realty AdvisorsBrokerage
Edward Cohen

Edward Cohen

Verv Capital

Landlord

$20.2M

vol

9 deals

Landlord

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