Yoav Agayev Acquires Industrial Property In High Bridge For $5.4M
1299 Jerome Avenue, The Bronx, NY, USA
$5,400,000
$90/SF
Building Size
60,000 SF
Asset Type
Industrial
Closing
Feb 20, 2019
AI
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.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93