Yoav Agayev Acquires Industrial Property In High Bridge For $5.4M
SOLD
$5,400,000
New York
See Similar DealsIndustrial60,000 SF
Sold 02/21/2019
SOLD
Yoav Agayev Acquires Industrial Property In High Bridge For $5.4M
1299 Jerome Avenue, The Bronx, NY, USA
See Similar DealsIndustrial60,000 SF
Sold 02/21/2019
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$90
Total Square Footage:60,000 SF
Transaction Type:Sale
The industrial property located at 1299 Jerome Ave in the High Bridge market has been sold for a price of $5.4 million. This property spans a total square footage of 60,000 and has been sold at a price per square footage of $90. The transaction took place on February 21, 2019.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5.4 million
- Address: 1299 Jerome Ave
- Market: High Bridge
The sellers of the property were Kenny & Janet Bhoopsingh. On the other hand, Yoav Agayev became the buyer of the property. John Joseph Rivera from KSR represented the sellers, while Alexander Galvez from Galvez Properties Realty Corp represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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