Updated Sep 30, 2024
Jimmy Osullivan Acquires Industrial Property On Park Avenue In Bronx For $4.2M
4228 Park Avenue, Bronx, NY, USA
$4,200,000
$262/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Jun 30, 2020
About this deal
AI
The industrial property located at 4228-4234 Park Avenue in the Bronx has been sold in a recent transaction. The property spans 16,000 square feet and is situated in a thriving market. The sale took place on June 30, 2021, with an asking price and a sale price of $4,200,000. This translates to a price per square foot of $263.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Address: 4228-4234 Park Avenue, Bronx
- Market: Bronx
Jimmy Osullivan has acquired the property from Mark Papadimitriou. The buyer was represented by Ariel A. Castellanos & Federico Mazzeo from Pinnacle RE NY, while Marko Glavadanovic acted as the seller's representative.
Note: No additional details were provided for this transaction.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93