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
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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93