Life Storage Acquires Industrial Property In Soundview, Bronx For $18M
1430 Bruckner Boulevard, The Bronx, New York 10473, United States
$18,000,000
$362/SF
Building Size
49,625 SF
Asset Type
Industrial
Closing
Aug 9, 2022
AI
A 49,625 square foot industrial property located at 1430 Bruckner Boulevard in Soundview, Bronx has been sold for a price of $18,000,000. The property, sold by Safe N Lock Self Storage represented by Aryeh Goldman, has been purchased by Life Storage, with Michael Rogers as their representative. The property is situated in the Soundview market of the Bronx.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $18,000,000
- Address: 1430 Bruckner Boulevard
- Square Footage: 49,625 SF
- Market: Soundview, Bronx
Life Storage, represented by Michael Rogers, has acquired the industrial property located at 1430 Bruckner Boulevard in Soundview, Bronx. The property was previously owned by Safe N Lock Self Storage and represented by Aryeh Goldman. The transaction was completed for a price of $18,000,000.
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93