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1340 Lafayette Avenue, Bron...

Wildflower Acquires Industrial Properties In Hunts Point, Bronx For $10.85 Million
SOLDIndustrial

Wildflower Acquires Industrial Properties In Hunts Point, Bronx For $10.85 Million

1340 Lafayette Avenue, Bronx, NY, USA

$10,850,000

$200/SF

Building Size

54,200 SF

Asset Type

Industrial

Closing

Jun 2, 2020

AI

Three properties located at 1340 Lafayette Avenue, 749 Whittier Street, and 745 Whittier Street in Hunts Point, Bronx, were recently involved in a closed industrial property sale transaction. The sale was completed on 06/02/2021 for a total price of $10,850,000. The properties have a combined square footage (BSF) of 54,200 and a price per square foot (PPBSF) of $200.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $10,850,000
  • Properties Addressed: 1340 Lafayette Avenue, 749 Whittier Street, 745 Whittier Street
  • Market: Hunts Point, Bronx
  • Buyer: Wildflower - Raphael De Niro, Adam Gordon, and David Johnson
  • Seller: The Lanteri Family

The buyer side of the transaction was represented by Raphael De Niro, Adam Gordon, and David Johnson from Wildflower. The seller, The Lanteri Family, negotiated the transaction off-market. The deal was facilitated by brokers Robert Khodadadian and Daniel Shirazi from Skyline Properties NYC.

For any inquiries regarding off-market deals, interested parties can contact:

Robert Khodadadian:
Phone: 212-286-8772
Email: [email protected]

Daniel Shirazi:
Phone: 212-380-3447
Email: [email protected]

Players

Daniel Shirazi

Skyline Properties

Broker

$825.5M

vol

16 deals

Broker
Wildflower
WildflowerBrokerage
Adam Gordon

Adam Gordon

Wildflower

Buyer

$736.8M

vol

14 deals

Buyer
Wildflower
WildflowerBuyer

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.46%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93