Lumiode Leases 8645 Square Feet At 2417 3rd Ave Bronx With Jason Majlessi And Gregory Smith
2417 3rd Ave, Bronx, NY, 10451
$29
$29/SF
Building Size
8,645 SF
Asset Type
Office
Closing
May 1, 2018
AI
The property involved in this transaction is located at 2417 3rd Ave, Bronx, NY, 10451. It is part of the Bronx market with a rent per square foot set at $29. The total square footage of the asset is 8,645 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2417 3rd Ave, Bronx, NY, 10451
- Market: Bronx
- Tenant: Lumiode
- Tenant's Representative: Jason Majlessi-SquareFoot
- Landlord's Representative: Gregory Smith
In this transaction, Jason Majlessi from SquareFoot represents the tenant, Lumiode, while Gregory Smith represents the landlord. The lease reflects a strategic move in a notable area of the Bronx, highlighting the collaborative efforts of the representatives involved.
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
547000.00%
Cash-on-Cash
-156334.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93