Paul Sohayegh Acquires Industrial Property In Bronx For $1.2M
SOLD
$1,200,001
+ 2
New York
See Similar DealsIndustrial17,124 SF
Sold 07/29/2020
SOLD
Paul Sohayegh Acquires Industrial Property In Bronx For $1.2M
3145 Bailey Ave, The Bronx, NY 10463, USA
See Similar DealsIndustrial17,124 SF
Sold 07/29/2020
+ 2
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$70
Total Square Footage:17,124 SF
Transaction Type:Sale
An industrial property located at 3145 Bailey Avenue in Bronx has been sold for $1,200,000. The property measures 17,124 square feet, resulting in a price per square foot of $70.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Address: 3145 Bailey Avenue, Bronx
- Market: Bronx
The seller of the property was Herb Freedman, while the buyer was Paul Sohayegh. The sale was facilitated by brokers Addison Berniker, Eric Roth, and Jonathan Squires from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.04
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.62
Annual Debt Service$68,263.40
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