Updated Oct 29, 2024
Phipps Houses Acquires Industrial Property In Bronx From Harry & Jane Fischel Foundation
375 E 163rd St, The Bronx, NY 10451, USA
$5,250,000
$150/SF
Building Size
34,808 SF
Asset Type
Industrial
Closing
Jul 19, 2020
About this deal
AI
The industrial property located at 375 East 163rd Street in Bronx has been sold for a price of $5,250,000. The property spans across 34,808 square feet, resulting in a price per square foot of $150.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,250,000
Phipps Houses has acquired the property from the Harry & Jane Fischel Foundation.
The industrial sale at 375 E 163rd St, The Bronx, NY 10451, USA in New York, New York sold for $5.3M in 2020. The building is 34,808 square feet, implying about 150 per square foot on the published price. This page is the New York, New York file for the 375 E 163rd St, The Bronx, NY 10451, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else sold near 375 E 163rd St, The Bronx, NY 10451, USA around 2020. Published consideration for 375 E 163rd St, The Bronx, NY 10451, USA is $5.3M, dated 2020. Cite this Phipps Houses Acquires Industrial Property In Bronx From Harry & Jane Fischel Foundation sale when underwriting similar industrial product around New York, New York.
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Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93