Alliance 1 Health Leases Office Space At 850 Third Avenue For $25/ft Over 5 Years
850 Third Avenue, Suite 606 Brooklyn, Ny, 11232
$25
$25/SF
Building Size
10,881 SF
Asset Type
Office
Closing
Aug 4, 2026
About this deal
AI
The property asset involved in this transaction is located at 850 Third Avenue, Suite 606 in the Greenwood Heights market. This office space encompasses 10,881 square feet and is under a modified gross lease, with a lease term of 5 years. The asking rent for this property is $25 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25/ft
- Address: 850 Third Avenue, Suite 606
- Market: Greenwood Heights
- Asset Size: 10,881 SF
- Landlord: Sal Rusi
- Tenant: Alliance 1 Health
- Tenant's Representative: Ben Biberaj - IPRG Retail Leasing
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
The key individuals involved in this deal include the landlord Sal Rusi and the tenant, Alliance 1 Health. Ben Biberaj from IPRG Retail Leasing represents the tenant in this transaction.
On the Map
$25
$25/SF
Office
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Players
Brooklyn 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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93