Gabriel Elyaszadeh & Jason M. Gold Of Ariel Property Advisors Represent Sale Of Industrial Asset In Bronx For $10.4M
555 East 242nd Street
$10,400,000
$136/SF
Building Size
76,000 SF
Asset Type
Industrial
Closing
Feb 1, 2026
AI
The property asset involved in the transaction is located at 555 East 242nd Street in the Wakefield market of Bronx. This industrial asset was sold for $10,400,000, encompassing a square footage of 76,000 with a price per square foot of $136.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,400,000
- Square Footage: 76,000
- Price per Square Foot: $136
- Address: 555 East 242nd Street
- Market: Wakefield, Bronx
The deal was facilitated by brokers Gabriel Elyaszadeh and Jason M. Gold, who are representatives from Ariel Property Advisors, indicating their role in managing the transactions of the parties involved.
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93