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2246 Light Street, Bronx, N...

John Oldak Acquires Industrial Property On Light Street In Bronx
SOLDIndustrial

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

Addison Berniker

Cushman & Wakefield

Broker

$55.5M

vol

18 deals

Broker

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