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555 East 242nd Street

Gabriel Elyaszadeh & Jason M. Gold Of Ariel Property Advisors Represent Sale Of Industrial Asset In Bronx For $10.4M
SOLDIndustrial

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

Jason M. Gold

Ariel Property Advisors

Broker

$1B

vol

59 deals

Broker

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