Updated Nov 15, 2023
Mark Calem Acquires Three Industrial Buildings In Hunts Point, Bronx For $5M
494 Hunts Point Avenue Bronx, New York 10474, USA
$5,000,000
$310/SF
Building Size
16,080 SF
Asset Type
Industrial
Closing
Jun 8, 2023
About this deal
AI
Mark Calem has acquired three industrial buildings in Hunts Point, Bronx, for a total of $5 million from Debra Maslanko's entity, Stanmar. The properties, located at 494 Hunts Point Avenue, 439 Halleck Street, and 1392 Oak Point Avenue, offer a combined 16,080 square feet of built space and 31,077 square feet of additional air rights, allowing for a total buildable area of 47,156 square feet.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $5,000,000
- BSF: 47,156
- PPBSF: $106
- SF: 16,080
- PPSF: $311
Mark Calem is the buyer who acquired the three industrial buildings in Hunts Point, Bronx. Debra Maslanko, through her entity Stanmar, acted as the seller in 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93