Updated Dec 4, 2024
Rajive Maret Acquires Industrial Building In Mt Eden, Bronx For $5.2M
1419 Inwood Avenue
$5,200,000
$192/SF
Building Size
27,000 SF
Asset Type
Industrial
Closing
Nov 27, 2023
About this deal
AI
Rajive Maret, through the entity Cromwell Inwood LLC, has acquired the industrial building (E9) at 1419 Inwood Avenue in Mt Eden, Bronx. The property spans 27,000 square feet and was sold for a total of $5,200,000, resulting in a price per square foot of $193.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,200,000
- Address: 1419 Inwood Avenue
- Market: Mt Eden, Bronx
The buyer, Rajive Maret, made the purchase through his entity Cromwell Inwood LLC. Gerrie Schwartz was the seller of the property.
On the Map
$5,200,000
$192/SF
Industrial
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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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93