Updated Oct 29, 2024
City Storage Systems Acquires Belmont Industrial Property For $2.05M
2368 Hoffman St, The Bronx, NY 10458, USA
$2,050,000
$172/SF
Building Size
11,900 SF
Asset Type
Industrial
Closing
Apr 29, 2020
About this deal
AI
The industrial property located at 2368 Hoffman Street in Belmont has been sold for a price of $2,050,000. The property spans across 11,900 square feet, resulting in a price per square foot of $172. The transaction was finalized on April 30, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,050,000
- Address: 2368 Hoffman Street
- Market: Belmont
The buyer of the property is City Storage Systems, represented by Travis Kalanick. On the other hand, Stonehill Holdings, represented by David Steinberg, acted as the seller in this transaction.
On the Map
$2,050,000
$172/SF
Industrial
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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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93