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1077 Home Street

Pinnacle Realty Of New York Represents Seller In $5.75M Industrial Sale In Bronx
SOLDIndustrial

Pinnacle Realty Of New York Represents Seller In $5.75M Industrial Sale In Bronx

1077 Home Street

$5,750,000

$287/SF

Building Size

20,000 SF

Asset Type

Industrial

Closing

Dec 15, 2024

AI

The property involved in this transaction is an industrial asset located at 1077 Home Street in the Bronx, with a sale price of $5,750,000. The property encompasses a total area of 20,000 square feet, leading to a price per square foot of $287.

Summary of transaction details:

Pinnacle Realty of NY LLC acted as the exclusive agents representing both the seller and purchaser in this transaction. The property is currently available for lease, with divisions ranging from 5,000 to 20,000 square feet, and has an auto repair certificate of occupancy. For inquiries, brokers can be contacted at the following numbers: Ariel Castellanos, 718-371-6412 and Federico Mazzeo, 718-371-6424.

Players

Federico Mazzeo

Pinnacle Realty of New York

Broker

$121.6M

vol

24 deals

Broker

Bronx Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93