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35 Bertel Avenue, Mount Ver...

Updated Oct 28, 2024

Verde Electric Acquires Industrial Property On 35 Bertel Avenue In Lower Westchester County, NY
SOLDIndustrial

Verde Electric Acquires Industrial Property On 35 Bertel Avenue In Lower Westchester County, NY

35 Bertel Avenue, Mount Vernon, Westchester County, NY, USA

$1,250,000

$156/SF

Building Size

8,000 SF

Asset Type

Industrial

Closing

Jun 9, 2020

About this deal

AI

An industrial/flex building located at 35 Bertel Avenue in Mount Vernon, NY (Lower Westchester County) was recently sold in a record sale. The property consists of a single story warehouse/office with 16' ceilings, spanning 4,000 square feet, and a contiguous 4,000 square feet side yard. The lot size measures approximately 8,000 square feet. Conveniently positioned in Mount Vernon, the property offers easy access to major thoroughfares, including I-95, Bronx River Parkway, Hutchison River Parkway, and US-1/Boston Rd. This high level of accessibility proved to be attractive for commercial owners/users. The property was sold for a price of $1,250,000, equivalent to $312.50 per square foot, which is 25% higher than market comparables in the area.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,250,000
  • Address: 35 Bertel Avenue
  • Market: Lower Westchester County

B6 Real Estate, a NYC-based firm, facilitated the sale of 35 Bertel Avenue. The brokers involved in the transaction were DJ Johnston and Steven Sperandio from B6 Real Estate. They successfully closed the deal with a local end-user buyer, Verde Electric, who chose to complete the purchase in cash within 45 days. B6 Real Estate's marketing capabilities and structured bidding process proved to be highly effective in suburban markets. If you're looking to sell a property and want to maximize your returns, consider connecting with DJ Johnston or Steve Sperandio to discuss their approach. The team at B6 Real Estate is determined to disrupt the middle market in Westchester County and help clients achieve their goals.

On the Map

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$1,250,000

$156/SF

Industrial

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Players

DJ Johnston

Matthews

Broker

$508.6M

vol

107 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Giulio Monaco

Buyer

$16.8M

vol

2 deals

Buyer
Bilt advertisement

City of Mount Vernon Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $156 per square foot on a published $1.3M for 8,000 square feet (2020).

Visit DJ Johnston to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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