Updated Oct 29, 2024
Dennis & Co. Auto Group Acquires Industrial Building In Bedford Park, Bronx For $4M
3230 Jerome Avenue Bronx, New York 10468, USA
$4,000,000
$115/SF
Building Size
34,733 SF
Asset Type
Industrial
Closing
Jun 15, 2023
About this deal
AI
Dennis & Co. Auto Group has acquired an industrial building located at 3230 Jerome Avenue in Bronx's Bedford Park neighborhood. The property, sold by Martha Steadman, offers 34,733 square feet of built space. The sale price for this transaction was $4,000,000, resulting in a price per square foot of $115.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Square Feet: 34,733
- Price per Square Foot: $115
- Buyer: Dennis & Co. Auto Group - Brian J. Dennis
- Seller: Martha Steadman
The property was sold by Martha Steadman and represented by Tri Star Garage Service Corp. The acquisition was made by Dennis & Co. Auto Group, led by Brian J. Dennis.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93