Updated Oct 29, 2024
LargaVista Companies Acquires Industrial Property In Mt Hope, Bronx For $4.5M
1732 Jerome Avenue, The Bronx, New York 10453, United States
$4,500,000
$9,000/SF
Building Size
500 SF
Asset Type
Industrial
Closing
Mar 11, 2022
About this deal
AI
The industrial property located at 1732 Jerome Avenue in Mt Hope, Bronx, was recently sold for a price of $4,500,000. The property spans a total of 40,008 square feet with a price per square foot of $112. The sale transaction took place on 11/03/2022. The buyer, LargaVista Companies, was represented by Adam E. Good, while the seller was Richard Pogostin. Additionally, the property has a smaller area of 500 square feet, which was sold at a price of $9,000 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Buyer: LargaVista Companies - Adam E. Good
- Seller: Richard Pogostin
- BSF: 40,008
- PPBSF: $112
- SF: 500
- PPSF: $9,000
The buyer, LargaVista Companies, was represented by Adam E. Good in this transaction. It is noteworthy that the seller, Richard Pogostin, successfully completed the sale of the industrial property located at 1732 Jerome Avenue in Mt Hope, Bronx.
On the Map
$4,500,000
$9,000/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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93