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240 East 5th Street

Vincent Alessi Leases Retail Space To James Gould At 240 East 5th Street For $25/ft
LEASEDRetail

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

CJ Huter

VanRockCRE

Broker

$119.7M

vol

25 deals

Broker

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