Ross Eisert Sells Industrial Asset At 158 Locust Avenue In Bronx For $16.2M With Paul Massey And David Junik & Fredric Stein As Brokers
158 Locust Avenue
$16,200,000
$281/SF
Building Size
57,601 SF
Asset Type
Industrial
Closing
Jan 15, 2025
AI
The property asset involved in the transaction is an industrial building located at 158 Locust Avenue in the Bronx. The sale price of the asset was $16,200,000. The building encompasses a total area of 57,601 square feet, with a price per square foot of $281.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $16,200,000
- Address: 158 Locust Avenue
- Market: Bronx
- Square Footage: 57,601
- Price per Square Foot: $281
- Seller: Ross Eisert
- Buyer's Representative: David Junik & Fredric Stein - Pinnacle Realty of New York
- Seller's Representative: Paul Massey - B6 Real Estate Advisors
The deal involved key individuals representing both the buyer and the seller. The buyer's interests were represented by David Junik and Fredric Stein from Pinnacle Realty of New York, while the seller was represented by Paul Massey from B6 Real Estate Advisors.
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