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565 Morris Avenue

The Boys’ Club Of New York Signs 25-Year Net Lease For 33,000 Square Feet In Bronx
LEASEDSpecial Purpose

The Boys’ Club Of New York Signs 25-Year Net Lease For 33,000 Square Feet In Bronx

565 Morris Avenue

Building Size

33,000 SF

Asset Type

Special Purpose

Closing

Jul 16, 2025

AI

The property asset involved in the transaction is a 33,000-square-foot special purpose building located at 565 Morris Avenue in the Bronx. The Boys’ Club of New York has secured a 25-year net lease for the entire building.

Summary of transaction details:

This lease transaction marks the establishment of The Boys’ Club of New York's third clubhouse, facilitated by the respective representatives from CBRE and OPEN Impact Real Estate.

Players

Dean Rosenzweig

CBRE

Broker

$25.5M

vol

13 deals

Broker
CBRE
CBREBrokerage

Bronx Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93