Updated Apr 1, 2025
Eisert Family Sells Industrial Properties At 158 And 164 Locust Avenue In Bronx For $16.2M
158 Locust Avenue & 164 Locust Avenue
$16,200,000
$111/SF
Building Size
72,585 SF
Asset Type
Industrial
Closing
Jan 22, 2025
About this deal
AI
The transaction involved two industrial properties located at 158 Locust Avenue and 164 Locust Avenue in the Bronx, with a combined sale price of $16,200,000. The total square footage of the properties is 72,585, resulting in a price per square foot of $223.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,200,000
- Address: 158 Locust Avenue & 164 Locust Avenue
- Market: Bronx
- Square Footage: 72,585
- Price per Square Foot: $223
- Seller: Eisert Family
- Brokers: Mitchel Flaherty - Ripco & Paul Massey - B6 Real Estate Advisors
Mitchel Flaherty and Paul Massey were the brokers representing the seller, Eisert Family, in this transaction. Their involvement was crucial in facilitating the sale of these industrial assets within the Bronx market.
On the Map
$16,200,000
$111/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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93