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310 Tiffany Street

Maric Mechanical Inc Acquires Industrial Property In Bronx From BNS Real Estate For $10.3M
SOLDIndustrial

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:

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

Josh Neustadter

Cushman & Wakefield

Broker

$545.5M

vol

60 deals

Broker
BE
BNS Real EstateSeller

Bronx Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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