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1200 Commerce Ave, The Bron...

H. Holding Group Acquires Bronx Warehouse For $3M
SOLDIndustrial

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

Joshua Banilivy

Friedman-Roth Realty

Broker

$5.8M

vol

3 deals

Broker
HG
Holding GroupBuyer

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