Updated Oct 29, 2024
Raz Sapir Acquires Industrial Property In Hunts Point, Bronx For $4.1M
1318 Randall Ave Bronx, NY 10474, USA
$4,075,000
$232/SF
Building Size
17,500 SF
Asset Type
Industrial
Closing
Jul 1, 2023
About this deal
AI
A industrial property located at 1318 Randall Avenue in Hunts Point, Bronx has been sold for a price of $4,075,000. Spanning across 17,500 square feet, the property was acquired by Raz Sapir from the seller Seagis Property Group. The transaction was facilitated by brokers Ariel Castellanos and Federico Mazzeo of Pinnacle Realty.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,075,000
- Address: 1318 Randall Avenue
- Market: Hunts Point, Bronx
- Square Footage: 17,500
- Buyer: Raz Sapir
- Seller: Seagis Property Group
- Brokers: Ariel Castellanos & Federico Mazzeo - Pinnacle Realty
Raz Sapir has successfully purchased the industrial property located at 1318 Randall Avenue in Hunts Point, Bronx. The property spans across 17,500 square feet and was acquired from the seller Seagis Property Group. The transaction was facilitated by Ariel Castellanos and Federico Mazzeo, who represented Raz Sapir as brokers from Pinnacle Realty.
Players
Market 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
3.89%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93