Joseph Levy Acquires Industrial Property In Fordham For $2.8M
SOLD
$2,800,000
New York
See Similar DealsIndustrial30,000 SF
Sold 03/13/2020
SOLD
Joseph Levy Acquires Industrial Property In Fordham For $2.8M
305 E 182nd St, The Bronx, NY 10457, USA
See Similar DealsIndustrial30,000 SF
Sold 03/13/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$93
Total Square Footage:30,000 SF
Transaction Type:Sale
The industrial property located at 305 East 182nd Street in Fordham has been sold for a price of $2,800,000. The property spans 30,000 square feet, resulting in a price per square foot of $93.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,800,000
- Address: 305 East 182nd Street
- Market: Fordham
The seller of the property was Ronald Demilt, while Joseph Levy acted as the buyer. The transaction was facilitated by brokers Jason M. Gold and Marko Agbaba from ArielPA.NYC.
NOTE: The parking garage/redevelopment property was purchased with a stop work order and partial vacate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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