Cayuga Centers Leases Office Space In Mott Haven To ZG Capital Partners
2417 Third Ave., Port Morris, The Bronx, NY, USA
Building Size
14,000 SF
Asset Type
Office
Closing
Feb 14, 2021
AI
An office space located at 2417 Third Ave in the Mott Haven market has been leased. The tenant, Cayuga Centers, has taken up a space measuring approximately 14,000 square feet. The lease transaction was completed on February 15, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 02/15/2021
- Address: 2417 Third Ave
- Market: Mott Haven
- Tenant: Cayuga Centers
- Landlord: ZG Capital Partners
- Tenant Representative: Linda Lebowitz & Manny Puello - Fieldston Properties
- Landlord Representative: Andrew Roth - EXR Somerset
- Asking Rent: $35/ft.
- Square Footage: 14,000
The lease was facilitated by the tenant representatives, Linda Lebowitz and Manny Puello from Fieldston Properties, and the landlord was represented by Andrew Roth from EXR Somerset.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93