John Oldak Acquires Industrial Property On Light Street In Bronx
2246 Light Street, Bronx, NY 10466
$630,000
$252/SF
Building Size
2,500 SF
Asset Type
Industrial
Closing
Dec 6, 2018
AI
An industrial property located at 2246 Light Street in the Bronx has been sold for a price of $630,000. The property spans 2,500 square feet, resulting in a price per square foot of $252. The transaction took place on 12/07/2018 and was facilitated by brokers Nissim Holand and Addison Berniker from CushWake.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $630,000
- Date: 12/07/2018
- Address: 2246 Light Street
- Market: Bronx
- Buyer: John Oldak
- Seller: Brad Swet
- Brokers: Nissim Holand & Addison Berniker from CushWake
- Price per Square Foot: $252
John Oldak has acquired the industrial property located at 2246 Light Street from Brad Swet. The transaction was successfully completed with the assistance of brokers Nissim Holand and Addison Berniker from CushWake.
Players
New York 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
25.18%
Cash-on-Cash
-7.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93