SOLDIndustrial
Joel Brach Acquires Industrial Property At 1091 Washington Avenue Bronx For $4.5M
1091 Washington Avenue
$4,500,000
Building Size
—
Asset Type
Industrial
Closing
Jul 18, 2024
AI
The industrial property located at 1091 Washington Avenue in the Morrisania neighborhood of Bronx consists of 24,296 square feet and was sold for $4,500,000. The price per square foot stands at $185.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 1091 Washington Avenue
- Market: Morrisania, Bronx
- Building Size: 24,296 square feet
- Price per square foot: $185
In this transaction, Joel Brach, representing Washington E166 LLC, purchased the property from Radame Perez II, who represented Blvd Twelve, LLC in the sale.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93