Verizon Leases Retail Space At 2169 White Plains Road In Bronx For $100 Per Foot
2169 White Plains Road
$100
$100/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jul 13, 2025
AI
The property asset involved in this transaction is a retail space located at 2169 White Plains Road in the Bronx market. The asking rent is set at $100 per square foot for a total of 1,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120,000
- Landlord: David Strauss
- Tenant: Verizon
- Tenant's Representative: Solomon Sharaby & Selim Sabbagh - KSR
- Landlord's Representatives: Ian Learner & Ed Nelson - Cushman & Wakefield
- Lease Type: Retail Lease
- Date of Transaction: 7/14/2025
The key individuals involved in this transaction include David Strauss as the landlord, with Ian Learner and Ed Nelson representing him. The tenant, Verizon, is represented by Solomon Sharaby and Selim Sabbagh, both associated with KSR, highlighting the collaboration among these brokers in facilitating the lease agreement.
Players
Bronx 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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93