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1318 Randall Ave Bronx, NY ...

Raz Sapir Acquires Industrial Property In Hunts Point, Bronx For $4.1M
SOLDIndustrial

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

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

Federico Mazzeo

Pinnacle Realty of New York

Broker

$121.6M

vol

24 deals

Broker
Seagis Property Group
Seagis Property GroupSeller

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