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415 East 167th Street, The ...

Ephraim Feldman Acquires Industrial Property In Bronx For $5.3M
SOLDIndustrial

Ephraim Feldman Acquires Industrial Property In Bronx For $5.3M

415 East 167th Street, The Bronx, New York 10456, United States

$5,300,000

$255/SF

Building Size

20,732 SF

Asset Type

Industrial

Closing

Jun 28, 2022

AI

Located at 415 E. 167th St. in the Bronx, this industrial property was recently sold for a total price of $5,300,000. The transaction took place on June 29, 2022, and the property spans a total of 20,732 square feet. This translates to a price per square foot of $256. The sale was facilitated by Michael Gilbert of Gilco Realty LLC, who represented the buyer, Ephraim Feldman.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,300,000
  • Address: 415 E. 167th St., Bronx
  • Market: Bronx
  • Buyer: Ephraim Feldman
  • Broker: Michael Gilbert - Gilco Realty LLC
  • Square Footage: 20,732
  • Price per Square Foot: $256

Ephraim Feldman purchased the industrial property located at 415 E. 167th St. in the Bronx for a total of $5,300,000. The transaction, which took place on June 29, 2022, involved a property spanning 20,732 square feet. Michael Gilbert, representing Gilco Realty LLC, served as the broker for this deal, assisting Ephraim Feldman in the acquisition.

Players

Michael Gilbert

Broker

$33.5M

vol

9 deals

Broker

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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93