Updated Dec 4, 2024
Sterling Organization Acquires Industrial Property On Bruckner Blvd. In Port Morris For $14M
307-315 Bruckner Boulevard, The Bronx, New York 10454, United States
$14,000,000
$280/SF
Building Size
50,000 SF
Asset Type
Industrial
Closing
Apr 10, 2022
About this deal
AI
The industrial property located at 307-315 Bruckner Blvd. in Port Morris, Bronx has been sold in a recent transaction. The property spans approximately 50,000 square feet and is categorized as an industrial asset. The sale took place on 04/11/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,000,000
- Price per Square Foot: $280
- Address: 307-315 Bruckner Blvd.
- Market: Port Morris, Bronx
The buyer in this transaction is Sterling Organization, while Frank Hernandez acted as the seller. The deal was facilitated by brokers Giancarlo Cugini, Karl Brumback, and Tyler Peck from JLL.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93