New York City School Construction Authority Leases 54,200 Square Feet In Bronx From Simone Development

The property asset involved in this transaction is a 54,200-square-foot facility located at 1776 Eastchester Road in the Bronx, designed for special purpose use. The transaction was carried out as a long-term lease agreement between the landlord and tenant.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: Not specified
• Address: 1776 Eastchester Road
• Market: Bronx
• Landlord: Joe Simone - Simone Development
• Tenant: New York City School Construction Authority

This transaction highlights the involvement of Joe Simone, representing Simone Development as the landlord, while the New York City School Construction Authority took on the role of tenant. The lease agreement allows for the establishment of a new Bronx STEAM Center, indicating a significant commitment to educational infrastructure in the area.