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1308 Edward L. Grant Highway

Elliot Meisenberg Acquires South Bronx Industrial Property From Robert Chopko For $4.5M
SOLDIndustrial

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

David Simone

Concourse Realty

Broker

$143.1M

vol

25 deals

Broker

Elliot Meisenberg

Buyer

$8.9M

vol

4 deals

Buyer

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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