Updated Dec 20, 2023
Matt Tan Acquires Industrial Property In Bronx For $3.1M
312 Casanova St, The Bronx, NY 10474, USA
$3,125,000
$312/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Jun 20, 2019
About this deal
AI
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.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Federico Mazzeo to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.08%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93