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333 Westchester Ave, White ...

Amalgamated Insurance Leases Office Space At 333 Westchester Avenue In White Plains
LEASEDOffice

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

Marc Horowitz

Broker

3 deals

Broker
CC
Cohen Brothers Realty CorporationBuyer
Charles Cohen

Charles Cohen

Cohen Brothers Realty

Landlord

$1.1B

vol

23 deals

Landlord

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