Gent Bajram Murqi Acquires Industrial Property In Bronx For $2.2M
SOLD
$2,205,000
New York
See Similar DealsIndustrial7,400 SF
Sold 01/25/2021
SOLD
Gent Bajram Murqi Acquires Industrial Property In Bronx For $2.2M
131-133 Kinnear Place, The Bronx, NY, USA
See Similar DealsIndustrial7,400 SF
Sold 01/25/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$298
Total Square Footage:7,400 SF
Transaction Type:Sale
The industrial property located at 131-133 Kinnear Place in Bronx was recently sold in a closed transaction. The sale took place on January 25, 2021. The property spans across 7,400 square feet and is valued at $2,205,000, resulting in a price per square foot of $297. The buyer of the property is Gent Bajram Murqi, while the seller is the Estate of Marco Eugene. The transaction was facilitated by the real estate agency Voro Real Estate.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,205,000
- Address: 131-133 Kinnear Place, Bronx
- Market: Bronx
Gent Bajram Murqi acquired the industrial property from the Estate of Marco Eugene in this transaction. The deal was successfully closed with the assistance of Voro Real Estate as the broker representing both parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,833.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,452.82
Annual Debt Service$125,433.90
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