facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

270 Alexander Avenue

Katherine Zitolo Leases Retail Space To Law Office Of Philip J Sporn In Bronx
LEASEDRetail

Katherine Zitolo Leases Retail Space To Law Office Of Philip J Sporn In Bronx

270 Alexander Avenue

$68

$68/SF

Building Size

582 SF

Asset Type

Retail

Closing

May 31, 2025

AI

The property involved in the transaction is a retail asset located at 270 Alexander Avenue, Bronx. The property encompasses a size of 582 square feet and is under a modified gross lease agreement with an asking rent of $68 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $68/ft
  • Square Footage: 582
  • Address: 270 Alexander Avenue
  • Market: Bronx
  • Landlord: Katherine Zitolo
  • Tenant: Law Office of Philip J Sporn
  • Tenant's Representative: Danny Heredia - Meridian Capital Group
  • Lease Type: Modified Gross Lease

The individuals involved in the lease transaction include landlord Katherine Zitolo and tenant Law Office of Philip J Sporn. The deal was facilitated by Danny Heredia from Meridian Capital Group, who represented the tenant in this agreement.

Players

Danny Heredia

Meridian Capital Group

Broker

5 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Bronx Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

233279.41%

Cash-on-Cash

-66671.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93