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2417 3rd Ave, Bronx, NY, 10451

Lumiode Leases 8645 Square Feet At 2417 3rd Ave Bronx With Jason Majlessi And Gregory Smith
LEASEDOffice

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

Gregory Smith

Broker

10 deals

Broker
Leggat McCall Properties
Leggat McCall PropertiesBrokerage

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