Updated Sep 30, 2024
Alejandro Whitman & Elias Briff Acquire Industrial Property In Bronx For $3.7M
435 Wales Avenue, The Bronx, NY, USA
$3,700,000
$295/SF
Building Size
12,519 SF
Asset Type
Industrial
Closing
Nov 8, 2020
About this deal
AI
Set in the Bronx, the industrial property located at 435 Wales Avenue was recently sold for $3,700,000. Spanning over 12,519 square feet, the property was purchased by Alejandro Whitman and Elias Briff from the seller, Edward Piranian. The transaction took place on 11/09/2020 and was facilitated by brokers Ariel A. Castellanos and Federico Mazzeo. The property is zoned as M1-2, making it suitable for industrial use.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,700,000
- Address: 435 Wales Avenue, Bronx
- Market: Bronx
- Zoning: M1-2
Alejandro Whitman and Elias Briff successfully acquired the industrial property at 435 Wales Avenue from Edward Piranian. The deal, facilitated by brokers Ariel A. Castellanos and Federico Mazzeo, marked a significant transaction in the Bronx market. With its spacious 12,519 square feet, the property offers ample space for industrial activities.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Federico Mazzeo to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93