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1929 Bruckner Boulevard, Ea...

Updated Dec 21, 2023

Rodney Whitley Acquires Industrial Property On Bruckner Boulevard For $3.7M
SOLDIndustrial

Rodney Whitley Acquires Industrial Property On Bruckner Boulevard For $3.7M

1929 Bruckner Boulevard, East Bronx, Bronx, NY, USA

$3,729,431

$2,299/SF

Building Size

1,622 SF

Asset Type

Industrial

Closing

Oct 28, 2021

About this deal

AI

The industrial property located at 1929 Bruckner Boulevard in Unionport, Bronx has been sold in a recent transaction. The property features a total building square footage (BSF) of 25,221, with a price per square foot (PPSF) of $148. The total lot size is 20,177 square feet, with dimensions of 187.58 ft x 103.07 ft. The property is zoned as R5 and C2-1, making it suitable for industrial use. The transaction took place on October 29, 2021, and the property was purchased for a price of $3,729,431. The previous sale of the property occurred on June 15, 2010, for a price of $1,521,711.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,729,431
  • Address: 1929 Bruckner Boulevard, Unionport, Bronx
  • Market: Unionport, Bronx
  • Zoning: R5, C2-1

The buyer in this transaction is Rodney Whitley, while the seller is James A Weil. The property has a floor area ratio (FAR) of 0.08 and falls under tax class 4. This transaction provides insight into the individuals involved in the deal, representing the buyer and seller respectively.

Players

Rodney Whitley

Buyer

$11.3M

vol

3 deals

Buyer

James A Weil

Seller

$11.3M

vol

3 deals

Seller

Bronx Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $2.3K per square foot on a published $3.7M for 1,622 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.25%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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