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158 Locust Avenue

Ross Eisert Sells Industrial Asset At 158 Locust Avenue In Bronx For $16.2M With Paul Massey And David Junik & Fredric Stein As Brokers
SOLDIndustrial

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:

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

David Junik

Pinnacle Realty of New York

Broker

$651.4M

vol

23 deals

Broker

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