Matt Tan Acquires Industrial Property In Bronx For $3.1M
SOLD
$3,125,000
New York
See Similar DealsIndustrial10,000 SF
Sold 06/21/2019
SOLD
Matt Tan Acquires Industrial Property In Bronx For $3.1M
312 Casanova St, The Bronx, NY 10474, USA
See Similar DealsIndustrial10,000 SF
Sold 06/21/2019
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$312
Total Square Footage:10,000 SF
Transaction Type:Sale
The industrial property located at 312-320 Casanova Street in Bronx, Hunts Point has been sold in a closed transaction. The property spans 10,000 square feet and was listed for an asking price of $3,400,000. The sale price was negotiated to $3,125,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,125,000
- Square Footage: 10,000
- Address: 312-320 Casanova Street, Bronx, Hunts Point
The seller of this industrial property was Oscar Heinsen. The buyer, who acquired the property, is Matt Tan. The deal was facilitated by brokers Ariel Castellanos and Federico Mazzeo.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,102.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,814.09
Annual Debt Service$177,769.13
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