Updated Jan 1, 2025
PepsiCo Purchases Industrial Property From Eastmond Family For $7.75M In Hunts Point Bronx
1140 Randall Avenue
$7,750,000
$215/SF
Building Size
36,000 SF
Asset Type
Industrial
Closing
Oct 13, 2023
About this deal
AI
The industrial property at 1140 Randall Avenue in Hunts Point, Bronx has been sold in a recent transaction. The property spans 36,000 square feet and was sold for a total price of $7,750,000, resulting in a price per square foot of $215. The transaction took place between the seller, Eastmond Family, and the buyer, PepsiCo.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,750,000
- Address: 1140 Randall Avenue, Hunts Point, Bronx
- Market: Hunts Point, Bronx
The deal was facilitated by Ariel Castellanos, Fredric Stein, and Federico Mazzeo from Pinnacle Realty of New York, who served as the brokers in the transaction.
On the Map
$7,750,000
$215/SF
Industrial
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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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93