New York City Department Of Citywide Administrative Services Leases 74400 Square Feet In Bronx
305 Rider Ave, Bronx, NY, 10451
Building Size
74,400 SF
Asset Type
Office
Closing
Apr 20, 2017
About this deal
AI
The property asset involved in this transaction is located at 305 Rider Ave, Bronx, NY, 10451. It consists of 74,400 square feet and is situated in the Bronx market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Tenants: New York City Department of Citywide Administrative Services
- Landlord: Rider Realty
- Tenant's Representative: Ellen Israel - JRT Realty Group
The deal involves the New York City Department of Citywide Administrative Services as the tenant and was facilitated by Ellen Israel from JRT Realty Group, representing the tenant. Rider Realty serves as the landlord in this transaction.
On the Map
Office
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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