Updated Sep 9, 2024
Ariel Property Advisors Sells Wakefield Industrial Property On Bullard Avenue For $2.2M
4330 Bullard Ave Bronx, NY 10466, USA
$2,225,000
$221/SF
Building Size
10,044 SF
Asset Type
Industrial
Closing
Jul 20, 2023
About this deal
AI
A 10,044 square foot industrial property located at 4330 Bullard Avenue in Wakefield, Bronx has been sold at a price of $2,225,000. The property was represented by Jason M. Gold and Daniel Mahfar from Ariel Property Advisors. With a price per square foot of $222, this transaction reflects the value of the asset in the Wakefield market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,225,000
- Square Footage: 10,044
- Price per Square Foot: $222
- Address: 4330 Bullard Avenue, Wakefield, Bronx
Jason M. Gold and Daniel Mahfar, representing Ariel Property Advisors, acted as the seller's representatives in this industrial property sale. Their expertise and negotiation skills contributed to the successful completion of 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
7.13%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93