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

Property Image
SOLD
$4,500,000

New York

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Industrial18,680 SF
Sold 06/21/2022
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Property Image
SOLD

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

1308 Edward L. Grant Highway

See Similar Deals
Industrial18,680 SF
Sold 06/21/2022
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$240
Total Square Footage:18,680 SF
Transaction Type:Sale

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
25 deals$143.1M volume(212) 207-2403
BROKER

Details

SOLD
IMAGE: David Simone DATE: 06/21/2022 ADDRESS: 1308 Edward L Grant Hwy. MARKET: South Bronx ASSET TYPE: Industrial BUYER: Elliot Meisenberg SELLER: Robert Chopko BROKER: David Simone (@ConcourseNYC) - Concourse Realty SALE PRICE: $4,500,000 SF: 18,680 ~ PPSF: $240 NOTE FROM BROKER: Concourse Realty Partners is a full service real estate firm with a focus on the Bronx market. David Simone has been helping Bronx buyers & sellers for over 20 years. Contact us anytime: 212-207-2400 [email protected] @dsimone79

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55