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1299 Jerome Avenue, The Bro...

Yoav Agayev Acquires Industrial Property In High Bridge For $5.4M
SOLDIndustrial

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

Alexander Galvez

Broker

$5.4M

vol

1 deal

Broker

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