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
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
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93