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Prologis Acquires Industrial Property In Soundview For $18.35M

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SOLD
$18,350,000

New York

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Industrial66,756 SF
Sold 09/30/2021
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SOLD

Prologis Acquires Industrial Property In Soundview For $18.35M

1120 Bronx River Avenue, East Bronx, Bronx, NY, USA

See Similar Deals
Industrial66,756 SF
Sold 09/30/2021
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$274
Total Square Footage:66,756 SF
Transaction Type:Sale

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

Ben Carlos Thypin
12 deals$199.2M volume
BROKER

Steven Smalheiser
1 deal$18.4M volume
BROKER

Hamid Moghadam
Prologis
51 deals$2.6B volume
BUYER

Details

SOLD
IMAGE: Hamid Moghadam DATE: 09/30/2021 ADDRESS: 1120 Bronx River Avenue MARKET: Soundview ASSET TYPE: Industrial ~ ZONING: M1-1 BUYER: Prologis - Hamid Moghadam SELLER: Marlene Holas BUYER’S REP: Ben Carlos Thypin (@BThypin) - Quantierra (@Quantierra_) SELLER’S REP: Steven Smalheiser - Smalheiser & Partners SALE PRICE: $18,350,000 SF: 66,756 ~ PPSF: $274 LOT SIZE: 334.18 ft x 200 ft NOTE FROM @Quantierra_:Quantierra uses its proprietary data and technology to aggressively and efficiently hunt for deals on behalf of buyers with mandates to acquire specific types of property within the NYC metropolitan area. If you have a mandate on which you would like to work with Quantierra, email [email protected]. If you have a deal that you would like to have discreetly presented to the motivated buyers that Quantierra represents, please email [email protected]. Brokers protected.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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