Updated Oct 29, 2024
Turnbridge Equities Acquires Industrial Property In Hunts Point For $15.25M
1190 E 156th St, The Bronx, NY 10474, USA
$5,400,000
$540/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Mar 31, 2020
About this deal
AI
The industrial property located at 1173 & 1175 Leggett Avenue in Hunts Point has been sold in a transaction worth $15,250,000. The property spans a total square footage of 26,150, with a price per square foot of $583. The buyer of the property is Turnbridge Equities, represented by Ryan Nelson, while the seller is Easco Boiler Corp, represented by Tyren Eastmond.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,250,000
- BSF: 101,168
- PPBSF: $150
- SF: 26,150
- PPSF: $583
Ryan Nelson from Turnbridge Equities and Tyren Eastmond from Easco Boiler Corp played integral roles in this transaction. This sale marks another successful deal in the industrial market of Hunts Point, showcasing the active nature of real estate investments in the area.
On the Map
$5,400,000
$540/SF
Industrial
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New York 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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93