Jimmy Osullivan Acquires Industrial Property On Park Avenue In Bronx For $4.2M
SOLD
$4,200,000
New York
See Similar DealsIndustrial16,000 SF
Sold 06/30/2020
SOLD
Jimmy Osullivan Acquires Industrial Property On Park Avenue In Bronx For $4.2M
4228 Park Avenue, Bronx, NY, USA
See Similar DealsIndustrial16,000 SF
Sold 06/30/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$262
Total Square Footage:16,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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