Gabriel Elyaszadeh & Jason M. Gold Of Ariel Property Advisors Represent Sale Of Industrial Asset In Bronx For $10.4M
SOLD
$10,400,000
New York
See Similar DealsIndustrial76,000 SF
Sold 02/01/2026
SOLD
Gabriel Elyaszadeh & Jason M. Gold Of Ariel Property Advisors Represent Sale Of Industrial Asset In Bronx For $10.4M
555 East 242nd Street
See Similar DealsIndustrial76,000 SF
Sold 02/01/2026
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$136
Total Square Footage:76,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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