H. Holding Group Acquires Bronx Warehouse For $3M
1200 Commerce Ave, The Bronx, NY 10462, USA
Building Size
14,630 SF
Asset Type
Industrial
Closing
Nov 9, 2017
AI
The property involved in this closed transaction is a Warehouse/Industrial/Land located at 1332, 1322, and 1200 Commerce Avenue in New York's Bronx market. The property spans 14,630 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $205.
Summary of transaction details
- Property Type: Warehouse/Industrial/Land
- Transaction Amount: $3,000,000
- Square Footage: 14,630 sf
- Price per Square Foot: $205
- Address: 1332, 1322, and 1200 Commerce Avenue, New York
- Seller: West Creek Realty Corp
- Buyer: H. Holding Group
In this transaction, the buyer was represented by Friedman Roth Realty, specifically their broker Josh Banilivy. The seller, on the other hand, was represented by Marc Hershberg.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93