Marc & Richard Pogostin Acquire Industrial Property In Baychester, Bronx For $3.25M
1476 E 222nd St, The Bronx, NY 10469, USA
$3,250,000
$189/SF
Building Size
17,195 SF
Asset Type
Industrial
Closing
May 7, 2020
AI
The industrial property located at 1476 East 222nd Street in Baychester, Bronx has been sold in a closed transaction. The property spans 17,195 square feet and was sold for a price of $3,250,000, resulting in a price per square foot of $189. The property was originally listed for $3,600,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,250,000
- Address: 1476 East 222nd Street
- Market: Baychester, Bronx
The seller of the property was Ted Edwards, while the buyers were Marc & Richard Pogostin. The transaction was facilitated by Addison Berniker and Jonathan Squires from CushWake.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93