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Tommy Hines Leases Bronx School From Joyland Group For 65,000 Sq Ft

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LEASED

New York

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School65,000 SF
Leased 04/14/2020
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LEASED

Tommy Hines Leases Bronx School From Joyland Group For 65,000 Sq Ft

1910 Arthur Ave, Bronx, NY, 10457

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School65,000 SF
Leased 04/14/2020
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Summary

NEW YORK
Asset Type:School
Price Per Square Foot:$0
Total Square Footage:65,000 SF
Transaction Type:Lease

The property located at 1910 Arthur Ave, Bronx, NY, 10457, is a school with a total square footage of 65,000. The lease for this asset was finalized on 04/14/2020 in the Bronx market. The school serves as a significant establishment in the area, contributing to the educational landscape of the community. The tenant's representative for this transaction was Thomas (Tommy) Hines of OPEN Impact Real Estate, while the landlord involved in the deal was Joyland Group.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: Not specified
  • Address: 1910 Arthur Ave, Bronx, NY, 10457
  • Market: Bronx
  • Tenant's Rep: Thomas (Tommy) Hines(OPEN Impact Real Estate)
  • Landlord: Joyland Group
  • Square Feet: 65,000

The lease agreement for the school at 1910 Arthur Ave marks a significant collaboration between OPEN Impact Real Estate, represented by Thomas Hines, and Joyland Group. This partnership highlights a successful negotiation in the Bronx market, showcasing the dedication of both parties to facilitating an agreement that benefits the community. This transaction further solidifies the importance of strategic real estate decisions in the educational sector, underlining the efforts made by key individuals to ensure the seamless execution of such deals.

Players

Thomas (Tommy) Hines
5 deals$1.2M volume
BROKER

Joyland Group
LANDLORD

Details

LEASED
IMAGE: 04/14/2020 ADDRESS: 1910 Arthur Ave, Bronx, NY, 10457 MARKET: Bronx ASSET TYPE: School TENANT'S REP: Thomas (Tommy) Hines(OPEN Impact Real Estate) LANDLORD: Joyland Group SQUARE FEET: 65000

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Deal Type
Effective Rent (Annual)

$3,725,760.78

Total Lease Value

$37,257,607.76

Net Landlord Cash Flow$3,725,760.78