Western Beef Acquires Industrial Property In Kingsbridge, Bronx For $20.8M
SOLD
$20,800,000
New York
See Similar DealsIndustrial27,508 SF
Sold 04/27/2020
SOLD
Western Beef Acquires Industrial Property In Kingsbridge, Bronx For $20.8M
298 West 231st Street, West Bronx, Bronx, NY, USA
See Similar DealsIndustrial27,508 SF
Sold 04/27/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$756
Total Square Footage:27,508 SF
Transaction Type:Sale
The industrial property located at 298 West 231 Street in Kingsbridge, Bronx has been sold for a price of $20,800,000. The property spans across 27,508 square feet and has a price per square foot of $756. The buyer, Western Beef represented by Peter Castellana Jr., acquired the property from the seller, Steven R. Straus. The transaction took place on April 27, 2021.
Summary of transation details:
- Property Type: Industrial
- Sale Price: $20,800,000
- Square Footage: 27,508
- Price per Square Foot: $756
- Buyer: Western Beef - Peter Castellana Jr.
- Seller: Steven R. Straus
- Date: April 27, 2021
Western Beef, represented by Peter Castellana Jr., made the acquisition of the industrial property in Kingsbridge. The transaction involved the purchase of the property from Steven R. Straus. The deal highlights the involvement of key individuals and companies in the sale, providing insights into the parties behind the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,109,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$73,898.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$98,602.61
Annual Debt Service$1,183,231.34
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