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:
- Property Type: Industrial
- Transaction Amount: $5,750,000
- Address: 1077 Home Street
- Market: Bronx
- Square Footage: 20,000
- Price Per Square Foot: $287
- Brokers: Ariel Castellanos & Federico Mazzeo - Pinnacle Realty of New York
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
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