Updated Oct 28, 2024
Marc Pogostin Acquires Industrial Property On Blondell Avenue In Westchester Village, Bronx For $3.8M
1481 Blondell Avenue, East Bronx, Bronx, NY, USA
$3,800,000
$260/SF
Building Size
14,580 SF
Asset Type
Industrial
Closing
Jun 18, 2020
About this deal
AI
An industrial property located at 1481 Blondell Avenue in Westchester Village, Bronx has been sold for a price of $3,800,000. The property spans 14,580 square feet, resulting in a price per square foot of $261. The transaction took place on June 18, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $3,800,000
- Address: 1481 Blondell Avenue, Westchester Village, Bronx
- Square Footage: 14,580
- Price per Square Foot: $261
- Market: Westchester Village, Bronx
The buyer of the property was Marc Pogostin, while the seller was BYD Automotive, a company backed by Warren Buffett's Berkshire Hathaway. The seller's representatives in the transaction were Jonathan Squires and Josh Neustadter from CushWake. It is worth noting that BYD Automotive is an electric car maker that produces various types of vehicles, including electric cars, buses, trucks, electric bicycles, forklifts, and rechargeable batteries.
On the Map
$3,800,000
$260/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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93