Updated Oct 29, 2024
UniFirst Corporation Acquires Industrial Property In Hunts Point, Bronx For $14.5M
1290 Viele Ave, The Bronx, NY 10474, USA
$14,500,000
$362/SF
Building Size
40,000 SF
Asset Type
Industrial
Closing
Sep 2, 2020
About this deal
AI
The industrial property located at 1290 Viele Avenue in Hunts Point, Bronx has been sold for a price of $14,500,000. The property spans a total area of 116,000 square feet, resulting in a price per square foot of $125. The building comprises 40,000 square feet, with a price per square foot of $362.50. The property is zoned as M3-1, making it suitable for industrial use.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,500,000
- Address: 1290 Viele Avenue
- Market: Hunts Point, Bronx
- Zoning: M3-1
The buyer in this transaction is UniFirst Corporation, represented by Steven S. Sintros. The seller is Allied Metal Spinning, represented by Arlene Saunders.
Please note that no additional information is available regarding this transaction.
Players
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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93