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.
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