Maric Mechanical Inc Acquires Industrial Property In Bronx From BNS Real Estate For $10.3M
310 Tiffany Street
$10,300,000
$257/SF
Building Size
40,000 SF
Asset Type
Industrial
Closing
Apr 30, 2025
AI
The industrial asset sold is located at 310 Tiffany Street in the Bronx, featuring a sale price of $10,300,000. The property spans 40,000 square feet, resulting in a price per square foot of $257.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,300,000
- Buyer: Maric Mechanical, Inc.
- Seller: BNS Real Estate
- Brokers: Jonathan Squires, Josh Neustadter, Austin Weiner & Kieran Baker - Cushman & Wakefield
The transaction was facilitated by Jonathan Squires, Josh Neustadter, Austin Weiner, and Kieran Baker, who represented the buyer and seller through their association with Cushman & Wakefield, ensuring a successful exchange between Maric Mechanical, Inc. and BNS Real Estate.
Players
Bronx 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93