ABS Partners Real Estate Represents Sale Of Industrial Property At 2621 Aqueduct Avenue In Bronx For $7.2M
SOLD
$7,187,500
New York
See Similar DealsIndustrial30,000 SF
Sold 06/06/2023
SOLD
ABS Partners Real Estate Represents Sale Of Industrial Property At 2621 Aqueduct Avenue In Bronx For $7.2M
2621 Aqueduct Ave Bronx, NY 10468, USA
See Similar DealsIndustrial30,000 SF
Sold 06/06/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$239
Total Square Footage:30,000 SF
Transaction Type:Sale
The industrial property located at 2621 Aqueduct Avenue in Bronx has been sold at a price of $7,187,500. This property spans across 30,000 square feet and has a price per square foot of $240.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,187,500
- Address: 2621 Aqueduct Avenue
- Market: Bronx
- Size: 30,000 square feet
- Price per Square Foot: $240
The deal was facilitated by Steven Hornstock and Alan Cohen, who represented the buyer and the seller. They are affiliated with ABS Partners Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$383,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,535.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,072.42
Annual Debt Service$408,869.00
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