Updated Jul 2, 2026
Wolf Family Purchases Industrial Properties At 1758 Webster Avenue And 1801 Carter Avenue For $5.6M
1758 Webster Avenue & 1801 Carter Avenue
$5,600,000
$294/SF
Building Size
18,993 SF
Asset Type
Industrial
Closing
Jun 18, 2026
About this deal
AI
The transaction involved an industrial asset located at 1758 Webster Avenue & 1801 Carter Avenue in the Tremont market of the Bronx. The property was sold for $5,600,000, encompassing a total square footage of 18,993, resulting in a price per square foot of $294.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,600,000
- Sale Date: 6/19/2026
- Buyer: Wolf Family
- Seller: Toonkel Family
- Brokers: Jared Friedman & David Roman - Investment Property Realty Group
- Notable Note: First time offered for sale in 80+ years.
Jared Friedman and David Roman from Investment Property Realty Group represented the transaction, marking a significant deal as the property had been established in 1930 and operated under the same family for over eight decades before being brought to market.
On the Map
$5,600,000
$294/SF
Industrial
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Players
Market 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93