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1732 Jerome Avenue, The Bro...

LargaVista Companies Acquires Industrial Property In Mt Hope, Bronx For $4.5M
SOLDIndustrial

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

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.

Players

LC
Largavista CompaniesBuyer

Bronx Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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