facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

1091 Washington Avenue

Joel Brach Acquires Industrial Property At 1091 Washington Avenue Bronx For $4.5M
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

Loading comparables…

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