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1161 East 156th Street

Benjamin Garcia Acquires Industrial Property In Hunts Point, Bronx For $2.8M
SOLDIndustrial

Benjamin Garcia Acquires Industrial Property In Hunts Point, Bronx For $2.8M

1161 East 156th Street

$2,800,000

$259/SF

Building Size

10,800 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

An industrial property located at 1161 East 156th Street in the Hunts Point market of Bronx has been sold for $2,800,000. The property spans 15,000 square feet, resulting in a price per square foot of $187.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,800,000
  • Square Footage: 15,000
  • Address: 1161 East 156th Street, Bronx
  • Market: Hunts Point

The buyer of the property is Benjamin Garcia, while the seller is Chris Boyle & Co. Ariel Castellanos and Federico Mazzeo from Pinnacle Realty acted as the brokers in this transaction.

Federico Mazzeo and Ariel Castellanos, from Pinnacle Realty, successfully facilitated the sale of this challenging industrial loft building in the Hunts Point market.

Players

Federico Mazzeo

Pinnacle Realty of New York

Broker

$121.6M

vol

24 deals

Broker
C
CoSeller

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93