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2800 Webster Avenue

Steven Westreich Of Westbridge Realty Group Acquires Industrial Property In Bedford Park For $4.3M
SOLDIndustrial

Steven Westreich Of Westbridge Realty Group Acquires Industrial Property In Bedford Park For $4.3M

2800 Webster Avenue

$4,300,000

$190/SF

Building Size

22,530 SF

Asset Type

Industrial

Closing

May 25, 2026

AI

The property involved in this transaction is an industrial asset located at 2800 Webster Avenue in the Bedford Park neighborhood of Bronx. The sale was completed for a total price of $4,300,000, covering a total square footage of 22,530, which equates to a price per square foot of $191.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,300,000
  • Buyer: Steven Westreich - Westbridge Realty Group
  • Seller: Stephen S. Siminou
  • Square Footage: 22,530
  • Price Per Square Foot: $191
  • Date of Transaction: 05/25/2026

This transaction was represented by Steven Westreich from Westbridge Realty Group, acting on behalf of the buyer. The seller in this transaction was Stephen S. Siminou, who was responsible for the asset being sold.

Players

Steven Westreich

Westbridge Realty Group

Buyer

$122.4M

vol

20 deals

Buyer

Bronx 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93