Sterling Organization Acquires Industrial Property On Bruckner Blvd. In Port Morris For $14M
SOLD
$14,000,000
New York
See Similar DealsIndustrial50,000 SF
Sold 04/11/2022
SOLD
Sterling Organization Acquires Industrial Property On Bruckner Blvd. In Port Morris For $14M
307-315 Bruckner Boulevard, The Bronx, New York 10454, United States
See Similar DealsIndustrial50,000 SF
Sold 04/11/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$280
Total Square Footage:50,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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