Andrew Chung & Graham Stephens Acquire Industrial Property In Hunts Point For $92.5M
1110 Oakpoint Avenue, Bronx, NY 10474
$92,500,000
$1,380/SF
Building Size
67,000 SF
Asset Type
Industrial
Closing
Jun 4, 2020
AI
Located at 1110 Oak Point Avenue in Hunts Point, this industrial property spans approximately 9 acres. The transaction took place on 06/04/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $92,500,000
- Last Sale Price: $24,000,000 (4/2016)
Andrew Chung and Graham Stephens acquired the property from Pearl Realty Management, represented by Joshua and Jack Guttman. The transaction was facilitated by David Junik from Pinnacle Realty.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93