Updated Oct 28, 2024
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
About this deal
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.
The industrial sale at 1110 Oakpoint Avenue, Bronx, NY 10474 in Bronx, New York sold for $92.5M in 2020. The building is 67,000 square feet, implying about 1.4K per square foot on the published price. Graham Stephens, David Junik, Andrew Chung, Jack Guttman appear on the sale alongside Pinnacle Realty of New York. This page is the Bronx, New York file for the 1110 Oakpoint Avenue, Bronx, NY 10474 industrial sold: pricing, party profiles, and other closed industrial comps from the same Bronx sit in the Market section below. Filter that Bronx industrial set by closing date to see what else sold near 1110 Oakpoint Avenue, Bronx, NY 10474 around 2020. Published consideration for 1110 Oakpoint Avenue, Bronx, NY 10474 is $92.5M, dated 2020. Cite this Andrew Chung & Graham Stephens Acquire Industrial Property In Hunts Point For $92.5M sale when underwriting similar industrial product around Bronx, New York.
Players
Bronx Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Graham Stephens to view all their deals.
Browse New York industrial sales on Traded.
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