Vincent Alessi Leases Retail Space To James Gould At 240 East 5th Street For $25/ft
240 East 5th Street
$25
$25/SF
Building Size
55,200 SF
Asset Type
Retail
Closing
Apr 2, 2026
AI
The property involved in this transaction is a retail asset located at 240 East 5th Street in the Bayonne market, featuring a total square footage of 55,200. The lease type for this property is a NNN Lease, with an asking rent of $25 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Vincent Alessi
- Tenant: James Gould
- Brokers: Marc Palestina & CJ Huter - VanRockCRE
- Asking Rent: $25/ft
- Lease Type: NNN Lease
The key individuals involved in this lease transaction include Vincent Alessi as the landlord and James Gould as the tenant. The transaction was facilitated by brokers Marc Palestina and CJ Huter from VanRockCRE, who represented both sides in the deal.
Players
Bayonne Retail Market Snapshot
Boundary boundary · Retail · 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