Mark Koplowitz Acquires Throggs Neck Industrial Property For $2M
2883 Miles Ave, The Bronx, NY 10465, USA
$2,000,000
$217/SF
Building Size
9,200 SF
Asset Type
Industrial
Closing
Jul 8, 2020
AI
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.
Players
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93