Updated Oct 29, 2024
Ratchet Realty Acquires Industrial Property On Light Street In Eastchester, Bronx For $1.64M
2235 Light Street, East Bronx, Bronx, NY, USA
$1,640,000
$200/SF
Building Size
8,200 SF
Asset Type
Industrial
Closing
Jan 15, 2019
About this deal
AI
An industrial property located at 2235 Light Street in Eastchester, Bronx has been sold for a price of $1,640,000. The property spans 8,200 square feet, resulting in a price per square foot of $200. The transaction took place on January 16, 2019.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,640,000
- Address: 2235 Light Street
- Market: Eastchester, Bronx
The seller of the property was BNS Real Estate, represented by Bradford Swett. The buyer was Ratchet Realty, represented by Marc Pogostin. The deal was facilitated by brokers Jonathan Squires, Addison Berniker, Michael Fioravanti, and Joshua Neustadter from Cushman & Wakefield.
On the Map
$1,640,000
$200/SF
Industrial
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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
9.67%
Cash-on-Cash
-2.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93