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1829 Jerome Avenue

Pogostin Family Purchases Industrial Property At 1829 Jerome Avenue For $3.5M With Brokers Squires Neustadter Weiner Baker
SOLDIndustrial

Pogostin Family Purchases Industrial Property At 1829 Jerome Avenue For $3.5M With Brokers Squires Neustadter Weiner Baker

1829 Jerome Avenue

$3,500,000

$144/SF

Building Size

24,228 SF

Asset Type

Industrial

Closing

Feb 12, 2025

AI

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:

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.

Players

Josh Neustadter

Cushman & Wakefield

Broker

$545.5M

vol

60 deals

Broker

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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93