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Oliver Street Capital Purchases Industrial Asset At 1261 Zerega Avenue Bronx For $7.2M

Property Image
SOLD
$7,200,000
Daniel (Dan) O'Brien
Caroline Hodes
+ 2

New York

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Industrial28,475 SF
Sold 01/15/2026
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Property Image
SOLD

Oliver Street Capital Purchases Industrial Asset At 1261 Zerega Avenue Bronx For $7.2M

1261 Zerega Avenue

See Similar Deals
Industrial28,475 SF
Sold 01/15/2026
Daniel (Dan) O'Brien
Caroline Hodes
+ 2
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$252
Total Square Footage:28,475 SF
Transaction Type:Sale

The asset involved in this transaction is an industrial property located at 1261 Zerega Avenue in the Bronx. The property encompasses a total area of 28,475 square feet and was sold for $7,200,000, which translates to a price per square foot of $252.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,200,000
  • Address: 1261 Zerega Avenue
  • Market: Bronx
  • Square Footage: 28,475
  • Price per Square Foot: $252
  • Buyer: Oliver Street Capital - Jonathan Hyde, Jonathan O’Donnell & Mitch Arthur
  • Brokers: Daniel O'Brien, Danny Jones, Mike Kavanagh, Caroline Hodes & David Behin - Newmark

This transaction involved key individuals including Jonathan Hyde, Jonathan O’Donnell, and Mitch Arthur representing the buyer, Oliver Street Capital. The brokers facilitating the transaction were Daniel O'Brien, Danny Jones, Mike Kavanagh, Caroline Hodes, and David Behin, associated with Newmark, collectively managing the details of the property sale.

Players

Mike Kavanagh
30 deals$301M volume(212) 660-7765
BROKER

Caroline Hodes
Newmark
94 deals$1.8B volume(516) 263-9404
BROKER

Daniel (Dan) O'Brien
Newmark
146 deals$4.7B volume(212) 698-5584
BROKER

David Behin
Newmark
5 deals$131M volume(212) 372-2075
BROKER

Danny Jones
Newmark
6 deals$84.7M volume(516) 532-4989
BROKER

Newmark
BROKERAGE



Details

SOLD
IMAGE: Mike Kavanagh, Caroline Hodes, Daniel O'Brien, Danny Jones, David Behin, Mitch Arthur, Jonathan Hyde & Jonathan O’Donnell DATE: 1/15/2026 ADDRESS: 1261 Zerega Avenue MARKET: Bronx ASSET TYPE: Industrial BUYER: Oliver Street Capital - Jonathan Hyde, Jonathan O’Donnell & Mitch Arthur BROKERS: Daniel O'Brien, Danny Jones, Mike Kavanagh (@KavanaghMike), Caroline Hodes (@CarolineHodes) & David Behin - Newmark (@Newmark) SALE PRICE: $7,200,000 SF: 28,475 ~ PPSF: $252

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
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