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Rajive Maret Acquires Industrial Building In Mt Eden, Bronx For $5.2M
SOLD
$5,200,000
New York
See Similar DealsIndustrial27,000 SF
Sold 11/27/2023
SOLD
Rajive Maret Acquires Industrial Building In Mt Eden, Bronx For $5.2M
1419 Inwood Avenue
See Similar DealsIndustrial27,000 SF
Sold 11/27/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$192
Total Square Footage:27,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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