Pogostin Family Purchases Industrial Property At 1829 Jerome Avenue For $3.5M With Brokers Squires Neustadter Weiner Baker
SOLD
$3,500,000
+ 1
New York
See Similar DealsIndustrial24,228 SF
Sold 02/12/2025
SOLD
Pogostin Family Purchases Industrial Property At 1829 Jerome Avenue For $3.5M With Brokers Squires Neustadter Weiner Baker
1829 Jerome Avenue
See Similar DealsIndustrial24,228 SF
Sold 02/12/2025
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$144
Total Square Footage:24,228 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial space located at 1829 Jerome Avenue in the Bronx. The sale price of the property is $3,500,000, encompassing a total square footage of 24,228, which translates to a price per square foot of $144.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Address: 1829 Jerome Avenue
- Market: Bronx
- Square Footage: 24,228
- Price Per Square Foot: $144
- Buyer: Pogostin Family
- Seller: BNS Real Estate
- Brokerage Firm: Cushman & Wakefield
- Broker Representatives: Jonathan Squires, Josh Neustadter, Austin Weiner, Kieran Baker
The deal features notable individuals representing the parties involved. The buyer, Pogostin Family, engaged the services of Cushman & Wakefield, which was represented by Jonathan Squires, Josh Neustadter, Austin Weiner, and Kieran Baker in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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