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New York City School Construction Authority Leases 54,200 Square Feet In Bronx From Simone Development
LEASED
New York
See Similar DealsSpecial Purpose54,200 SF
Leased 06/12/2026
LEASED
New York City School Construction Authority Leases 54,200 Square Feet In Bronx From Simone Development
1776 Eastchester Road
See Similar DealsSpecial Purpose54,200 SF
Leased 06/12/2026
Summary
NEW YORK
Asset Type:Special Purpose
Price Per Square Foot:$0
Total Square Footage:54,200 SF
Transaction Type:Lease
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.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,106,711.29
Total Lease Value
$31,067,112.93
Net Landlord Cash Flow$3,106,711.29
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