PepsiCo Purchases Industrial Property From Eastmond Family For $7.75M In Hunts Point Bronx
SOLD
$7,750,000
New York
See Similar DealsIndustrial36,000 SF
Sold 10/13/2023
SOLD
PepsiCo Purchases Industrial Property From Eastmond Family For $7.75M In Hunts Point Bronx
1140 Randall Avenue
See Similar DealsIndustrial36,000 SF
Sold 10/13/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$215
Total Square Footage:36,000 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45
Is there something missing? Send suggestions