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:
- 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.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93