Mark Koplowitz Acquires Throggs Neck Industrial Property For $2M
SOLD
$2,000,000
New York
See Similar DealsIndustrial9,200 SF
Sold 07/09/2020
SOLD
Mark Koplowitz Acquires Throggs Neck Industrial Property For $2M
2883 Miles Ave, The Bronx, NY 10465, USA
See Similar DealsIndustrial9,200 SF
Sold 07/09/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$217
Total Square Footage:9,200 SF
Transaction Type:Sale
The industrial property located at 2883 Miles Avenue in Throggs Neck, Bronx has been sold for a price of $2,000,000. The property spans across 9,200 square feet, resulting in a price per square foot of $217.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,000,000
The seller of the property was Centre Fence Company, which is owned by The Yeterian Family. The buyer, Mark Koplowitz, successfully acquired the property. The sale was facilitated by Josh Neustadter and Jonathan Squires from Team Shapiro Building Sales, who represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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