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2235 Light Street, East Bro...

Ratchet Realty Acquires Industrial Property On Light Street In Eastchester, Bronx For $1.64M
SOLDIndustrial

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

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.

Players

Addison Berniker

Cushman & Wakefield

Broker

$55.5M

vol

18 deals

Broker
BE
BNS Real EstateSeller

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