Joseph Levy Acquires Industrial Property In Fordham For $2.8M
305 E 182nd St, The Bronx, NY 10457, USA
$2,800,000
$93/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Mar 12, 2020
AI
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.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93