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LIFT & Chances For Children Sign Leases In Bronx With OPEN Impact Real Estate

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LEASED

New York

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Office13,000 SF
Leased 03/13/2024
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Property Image
LEASED

LIFT & Chances For Children Sign Leases In Bronx With OPEN Impact Real Estate

412 East 147th Street & 424 East 147th Street

See Similar Deals
Office13,000 SF
Leased 03/13/2024
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:13,000 SF
Transaction Type:Lease

Located at 412-424 East 147th Street in the Bronx, the office space spans 6,500 square feet. The lease deal involved the landlord, 147 Corp, and tenants LIFT and Chances for Children. LIFT secured a five-year lease for 3,500 square feet, while Chances for Children signed a 10-year lease for 3,000 square feet. The space will be utilized for therapy sessions, administrative offices, and client interactions.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Market: Bronx
  • Tenants: LIFT & Chances for Children

Alexander Smith, Kate Whitman, and Kendall Elliott from OPEN Impact Real Estate facilitated the long-term lease agreements between the tenants and the landlord, tailoring the space to meet the specific needs of LIFT and Chances for Children.

Players

Alexander Smith
10 deals(212) 537-7707
BROKER


Kate Whitman
OPEN Impact Real Estate
2 deals
BROKER

Details

LEASED
IMAGE: Kate Whitman, Alexander Smith & Kendall Elliott DATE: 03/13/2024 ADDRESS: 412-424 East 147th Street MARKET: Bronx ASSET TYPE: Office ~ SF: 6,500 LANDLORD: 147 Corp TENANT: LIFT & Chances for Children BROKERS: Alexander Smith, Kate Whitman & Kendall Elliott - OPEN Impact Real Estate NOTE: OPEN Impact Real Estate facilitated long-term lease agreements for nonprofits LIFT and Chances for Children at 412-424 East 147th St. in the Bronx, with LIFT securing a five-year lease for 3,500 square feet and Chances for Children signing a 10-year lease for 3,000 square feet, tailored to their needs for therapy sessions, administrative offices, and client interactions.

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Deal Type
Effective Rent (Annual)

$745,152.16

Total Lease Value

$7,451,521.55

Net Landlord Cash Flow$745,152.16