Maric Mechanical Inc Acquires Industrial Property In Bronx From BNS Real Estate For $10.3M
SOLD
$10,300,000
+ 1
New York
See Similar DealsIndustrial40,000 SF
Sold 04/30/2025
SOLD
Maric Mechanical Inc Acquires Industrial Property In Bronx From BNS Real Estate For $10.3M
310 Tiffany Street
See Similar DealsIndustrial40,000 SF
Sold 04/30/2025
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$257
Total Square Footage:40,000 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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