Updated Oct 29, 2024
Sitex Group Acquires Industrial Property On Commerce Avenue In Parkchester For $5.1M
1157 Commerce Ave, The Bronx, NY 10462, USA
$5,100,000
$19/SF
Building Size
257,800 SF
Asset Type
Industrial
Closing
Aug 4, 2020
About this deal
AI
The industrial property located at 1157 Commerce Avenue in Parkchester, Bronx has been sold in a closed transaction on August 5, 2020. The property, which falls under the M1-1 zoning category, boasts a lot size measuring 288.78 feet by 206.13 feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,100,000
- Square Footage: 25,780
- Price per Square Foot: $197
- Building Square Footage: 35,751
- Price per Building Square Foot: $142
- Market: Parkchester, Bronx
The buyer of this industrial property is the Sitex Group, while the seller is the Estate of Marco Eugene. The transaction reflects the strong demand and activity in the Parkchester market for industrial assets.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Marco Eugene to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93