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850 Third Avenue, Suite 606...

Alliance 1 Health Leases Office Space At 850 Third Avenue For $25/ft Over 5 Years
LEASEDOffice

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

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.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

204 deals

Broker

Sal Rusi

Landlord

1 deal

Landlord
AH
Alliance 1 HealthTenant

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