Prologis Acquires Industrial Property In Soundview For $18.35M
1120 Bronx River Avenue, East Bronx, Bronx, NY, USA
$18,350,000
$274/SF
Building Size
66,756 SF
Asset Type
Industrial
Closing
Sep 30, 2021
AI
1120 Bronx River Avenue in Soundview has been sold for $18,350,000. The industrial property spans 66,756 square feet with a price per square foot of $274. The lot size is 334.18 feet by 200 feet. The sale took place on September 30, 2021. The buyer is Prologis, represented by Hamid Moghadam, while the seller is Marlene Holas. Ben Carlos Thypin from Quantierra served as the buyer's representative, and Steven Smalheiser from Smalheiser & Partners represented the seller.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,350,000
- Address: 1120 Bronx River Avenue
- Market: Soundview
Prologis, led by Hamid Moghadam, closed the deal for the industrial property in Soundview. The buyer was represented by Ben Carlos Thypin from Quantierra, while the seller, Marlene Holas, was represented by Steven Smalheiser from Smalheiser & Partners.
Note from @Quantierra: Quantierra utilizes its proprietary data and technology to efficiently hunt for deals on behalf of buyers. They can be contacted at [email protected] for inquiries about working together or deals that should be discreetly presented to motivated buyers represented by Quantierra. Brokers are protected.
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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93