260 E 161st St
260 E 161st St, Bronx, NY, 10451
$35
$35/SF
Building Size
22,070 SF
Asset Type
Office
Closing
Aug 17, 2016
AI
The lease transaction involves a property located at 260 E 161st St, Bronx, NY, 10451. The market value of the property lies within Bronx, and it encompasses a total area of 22,070 square feet. The rent per square foot is set at $35.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Legal Aid Society
- Landlord: Acadia Realty Trust
- Tenant's Representatives: Christopher W. Mansfield-CBRE, Craig Reicher-CBRE, Chris Mansfield-CBRE, Greg Maurer-Hollaender-CBRE
- Landlord's Representatives: Ellen Israel-JRT Realty Group, Gregory Smith
- Borrower's Representative: Christopher Peck-JLL
The transaction showcases the collaboration between various representatives, including Christopher W. Mansfield, Craig Reicher, Chris Mansfield, and Greg Maurer representing the tenant, while Ellen Israel and Gregory Smith represent the landlord. Additionally, Christopher Peck acts as the representative for the borrower.
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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93