Updated Dec 21, 2023
Raul Taveras Acquires Industrial Property In Bronx For $3.16M
324 Barretto Street, Bronx, NY, USA
$3,165,000
$316/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Nov 19, 2020
About this deal
AI
The industrial property located at 324 Barretto Street in Bronx was sold on November 20, 2020. The transaction was facilitated by Ariel A. Castellanos and Federico Mazzeo from Pinnacle Realty, who represented both the buyer and the seller. The property is zoned as M3-1 and spans across 10,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,165,000
- Address: 324 Barretto Street, Bronx
- Market: Bronx
- Asset Type: Industrial
- Zoning: M3-1
- Last Sale Price: $1,287,500 (1/2008)
- Buyer: Raul Taveras
- Seller: Michael Depompeis
- Brokers: Ariel A. Castellanos & Federico Mazzeo - Pinnacle Realty
The sale of this property set a market record during a pandemic, highlighting the expertise of Ariel Castellanos and Federico Mazzeo in finding the right building for the end user.
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
5.01%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93