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1061 Home Street, The Bronx...

H. Holding Group Acquires Industrial Property On Home St., Bronx For $1.8M
SOLDIndustrial

H. Holding Group Acquires Industrial Property On Home St., Bronx For $1.8M

1061 Home Street, The Bronx, New York 10459, United States

$1,800,000

$180/SF

Building Size

10,000 SF

Asset Type

Industrial

Closing

May 23, 2022

AI

Located at 1061 Home St. in the Bronx, this industrial property has recently been sold in a closed transaction. The property spans 10,000 square feet and was sold for a total price of $1,800,000, resulting in a price per square foot of $180. The sale took place on May 24, 2022.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: $1,800,000
  • Square Feet: 10,000
  • Price per Square Foot: $180
  • Address: 1061 Home St., Bronx
  • Market: Bronx

The buyer in this transaction was H. Holding Group, while the seller was Douglas Austrian. Mitchel Flaherty from B6 Real Estate Advisors represented both parties as the broker in the deal.

Players

Mitchel Flaherty

Ripco

Broker

$176.9M

vol

34 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93