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320 East 240th Street

Phil Popowitz Leases Retail Space To Norwood Medical At 320 East 240th Street Bronx
LEASEDRetail

Phil Popowitz Leases Retail Space To Norwood Medical At 320 East 240th Street Bronx

320 East 240th Street

$70

$70/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Jan 1, 2025

AI

The asset in this transaction is a retail property located at 320 East 240th Street in the Bronx. The space encompasses approximately 2,500 square feet and operates under a NNN lease structure. The rent is set at $70 per square foot.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $175,000
  • Address: 320 East 240th Street
  • Market: Bronx
  • Landlord: Phil Popowitz
  • Tenant: Norwood Medical
  • Broker: Zach Setton - Tri State Commercial Realty

The deal involves Phil Popowitz as the landlord, who is leasing the property to Norwood Medical. Zach Setton from Tri State Commercial Realty represents the landlord in this transaction, facilitating the agreement between the parties involved.

Players

Zacharia Setton

Momentum Realty Group

Broker

12 deals

Broker

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93