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1110 Oakpoint Avenue, Bronx...

Updated Oct 28, 2024

Bilt advertisement
Andrew Chung & Graham Stephens Acquire Industrial Property In Hunts Point For $92.5M
SOLDIndustrial

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

David Junik

Pinnacle Realty of New York

Broker

$682.2M

vol

26 deals

Broker
Graham Stephens

Graham Stephens

Innovo Property Group

Buyer

$2.7B

vol

10 deals

Buyer

Jack Guttman

Pearl Realty Management

Seller

$659.9M

vol

18 deals

Seller
PM
Pearl Realty ManagementSeller

Bronx Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $92.5M for 67,000 square feet (2020).

Visit Graham Stephens to view all their deals.

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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

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