Updated Oct 27, 2026
Ariel Castellanos And Federico Mazzeo Facilitate $6.2M Industrial Sale In Bronx
450 Austin Place
$6,200,000
$310/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
Oct 14, 2026
About this deal
AI
This industrial asset, located at 450 Austin Place in the Bronx, was sold for $6,200,000. The property encompasses a total area of 20,000 square feet, resulting in a price per square foot of $310.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,200,000
- Square Footage: 20,000
- Price Per Square Foot: $310
- Address: 450 Austin Place
- Market: Bronx
Ariel Castellanos and Federico Mazzeo of Pinnacle Realty of New York represented both the Seller and Purchaser in this transaction, which included a 1031 tax-deferred exchange.
On the Map
$6,200,000
$310/SF
Industrial
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Players
Bronx 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93