Elliot Meisenberg Acquires South Bronx Industrial Property From Robert Chopko For $4.5M
1308 Edward L. Grant Highway
$4,500,000
$240/SF
Building Size
18,680 SF
Asset Type
Industrial
Closing
Jun 21, 2022
AI
The industrial property located at 1308 Edward L Grant Hwy in the South Bronx has been sold. The transaction took place on 06/21/2022, with a sale price of $4,500,000. The property spans 18,680 square feet, resulting in a price per square foot of $240.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $4,500,000
- Square Footage: 18,680
- Price Per Square Foot: $240
The buyer of the property is Elliot Meisenberg, while the seller is Robert Chopko. The deal was facilitated by David Simone of Concourse Realty. Concourse Realty Partners, a full-service real estate firm with a focus on the Bronx market, has been involved in the transaction. David Simone, who represents Concourse Realty, has been assisting buyers and sellers in the Bronx for over 20 years. For further inquiries, he can be reached at 212-207-2400 or [email protected]. You can also connect with him on Twitter at @dsimone79.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93