Updated Dec 21, 2023
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
About this deal
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.
On the Map
$3,250,000
$189/SF
Industrial
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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