Updated Nov 4, 2023
Oswald Rodriguez's 1339 Jerome Avenue, LLC Acquires Mt Eden Industrial Building For $9M
1339 Jerome Avenue Bronx, New York 10452, USA
$9,000,000
$497/SF
Building Size
18,100 SF
Asset Type
Industrial
Closing
Jul 25, 2023
About this deal
AI
An industrial building (E9) located at 1339 Jerome Avenue in Mt Eden, Bronx has been sold for $9 million. The property spans across 18,100 square feet and has a price per square foot of $497. The buyer, Oswald Rodriguez, represented 1339 Jerome Avenue, LLC, while the seller was Dragos Adrian Firescu's Jerome Jsd Holdings LLC. The transaction took place on July 25, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Address: 1339 Jerome Avenue
- Market: Mt Eden, Bronx
- Buyer: Oswald Rodriguez
- Seller: Dragos Adrian Firescu
- Building Square Footage: 18,100
- Price Per Square Foot: $497
Oswald Rodriguez, representing 1339 Jerome Avenue, LLC, successfully acquired the industrial building (E9) at 1339 Jerome Avenue. The sale was completed with Dragos Adrian Firescu's Jerome Jsd Holdings LLC for a total of $9 million. This transaction showcases the involvement of these key individuals and companies in the real estate deal.
Players
Bronx 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93