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
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