Children’s Rescue Fund Expands Lease By 8,648 Square Feet At 521 Bergen Avenue In Bronx
521 Bergen Avenue
Building Size
8,648 SF
Asset Type
Office
Closing
Oct 28, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 521 Bergen Avenue in the Bronx, featuring a total square footage of 8,648. This property is part of a six-story redeveloped office building, which is now fully leased to nonprofit organizations.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 521 Bergen Avenue
- Market: Bronx
- Landlord: 521 Bergen Properties
- Tenant: Children’s Rescue Fund
- Broker: William Korchak - JLL
William Korchak represented the landlord, 521 Bergen Properties, in this leasing transaction, which allowed the Children’s Rescue Fund to expand its lease, bringing its total footprint to 26,646 square feet. The expansion marks the completion of the leasing activity in the property.
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