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1074 Home Street, Bronx, NY...

Marc Pogostin Acquires Industrial Property On Home Street In Bronx For $2.55M
SOLDIndustrial

Marc Pogostin Acquires Industrial Property On Home Street In Bronx For $2.55M

1074 Home Street, Bronx, NY, USA

$2,550,000

$212/SF

Building Size

12,000 SF

Asset Type

Industrial

Closing

Aug 12, 2021

AI

An industrial property located at 1074 Home Street in the Bronx has been sold for $2,550,000. The property spans 12,000 square feet, resulting in a price per square foot of $212. The transaction took place on August 13, 2021, and was brokered by Mitchel Flaherty of B6 Real Estate.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $2,550,000
  • Address: 1074 Home Street
  • Market: Bronx

Marc Pogostin was the buyer of the property, while Raymond Agosto acted as the seller. Mitchel Flaherty of B6 Real Estate represented both parties in the deal.

Players

Mitchel Flaherty

Ripco

Broker

$176.9M

vol

34 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Marc Pogostin

Tremont Garage Realty Corp.

Buyer

$31.8M

vol

7 deals

Buyer

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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93