Bauer Family Acquires Industrial Property In Bronx For $6.6M
1715-1731 Webster Avenue, The Bronx, New York 10457, United States
$6,600,000
$162/SF
Building Size
40,698 SF
Asset Type
Industrial
Closing
Mar 30, 2022
AI
The industrial property located at 1715-1731 Webster Avenue in Bronx has been sold. The property spans across 40,698 square feet and was sold for $6,600,000, resulting in a price per square foot of $162. The transaction took place on 03/31/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,600,000
- Address: 1715-1731 Webster Avenue
- Market: Bronx
The buyer of the property is the Bauer Family, while the Matzkin Family acted as the seller. The deal was facilitated by Maurice Suede, Jonathan Squires, Josh Neustadter, and Daniel Soyak from Cushman & Wakefield.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93