Updated Oct 28, 2024
Neubert Realty Corp. Sells Industrial Property In Mott Haven, Bronx For $1.45M
475 Bruckner Boulevard, The Bronx, New York 10455, United States
$1,450,000
$90/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
May 25, 2022
About this deal
AI
Located at 475 Bruckner Blvd. in Mott Haven, Bronx, this industrial property was recently sold for $1,450,000. Spanning 16,000 square feet, the property was sold at an average price of $90 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,450,000
- Square Footage: 16,000
- Price Per Square Foot: $90
- Market: Mott Haven, Bronx
The seller of this property was Neubert Realty Corp., represented by Carl Neubert. The buyer also noted that a land lease is available for this property. The prime location at the corner of Bruckner Boulevard and 149th Street offers high visibility and traffic count, making it ideal for various purposes, including drive-through food establishments, service centers, showroom/warehousing, and EV charging stations.
For more information about this property, interested parties can reach out to [email protected] or [email protected] (Pinnacle Realty of NY).
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93