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715 East 136th Street, Bron...

Sean Coakley Acquires Industrial Property In Bronx From Dominic Valente For $1.5M
SOLDIndustrial

Sean Coakley Acquires Industrial Property In Bronx From Dominic Valente For $1.5M

715 East 136th Street, Bronx, NY, USA

$1,500,000

$213/SF

Building Size

7,011 SF

Asset Type

Industrial

Closing

Jul 27, 2021

AI

The industrial property located at 715 East 136th Street and 734 East 137th Street in Bronx was recently sold for a transaction amount of $1,500,000. The property spans a total of 7,011 square feet, resulting in a price per square foot of $213. The sale took place on July 28, 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,500,000
  • Address: 715 East 136th Street & 734 East 137th Street
  • Market: Bronx

The buyer of the property is Sean Coakley, while the seller is Dominic Valente. The transaction was facilitated by brokers Josh Neustadter and Jonathan Squires from CushWake.

Players

Josh Neustadter

Cushman & Wakefield

Broker

$545.5M

vol

60 deals

Broker

Sean Coakley

Buyer

$20.3M

vol

3 deals

Buyer

Dominic Valente

Seller

$23M

vol

3 deals

Seller

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93