Amalgamated Insurance Leases Office Space At 333 Westchester Avenue In White Plains
333 Westchester Ave, White Plains, NY, USA
Building Size
105,000 SF
Asset Type
Office
Closing
Feb 24, 2021
AI
Amalgamated Insurance has signed a lease agreement for an office space located at 333 Westchester Avenue in White Plains. The property, owned by Cohen Brothers Realty Corporation and represented by Charles Cohen, encompasses a total of 105,000 square feet. The lease was facilitated by Marc Horowitz from Cohen Brothers Realty Corporation and David Rosenbloom from Cushman & Wakefield. The asking rent for the space was set at $35 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 333 Westchester Avenue, White Plains
- Tenant: Amalgamated Insurance
- Landlord: Cohen Brothers Realty Corporation - Charles Cohen
- BROKERS: Marc Horowitz - Cohen Brothers Realty Corporation, David Rosenbloom - Cushman & Wakefield
- Market: White Plains
This lease transaction represents a significant milestone for Amalgamated Insurance, securing a large office space in White Plains. Cohen Brothers Realty Corporation, led by Charles Cohen, played a critical role as the landlord in this deal. The tenant was represented by Marc Horowitz from Cohen Brothers Realty Corporation, and David Rosenbloom from Cushman & Wakefield also contributed to the successful negotiation of the lease agreement.
Players
City of White Plains 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