Steve Zervoudis Acquires Bronx Industrial Property On Jackson Avenue For $1.9M
SOLD
$1,900,000
New York
See Similar DealsIndustrial10,000 SF
Sold 11/29/2020
SOLD
Steve Zervoudis Acquires Bronx Industrial Property On Jackson Avenue For $1.9M
585 Jackson Ave, The Bronx, NY 10455, USA
See Similar DealsIndustrial10,000 SF
Sold 11/29/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$190
Total Square Footage:10,000 SF
Transaction Type:Sale
The industrial property located at 585 Jackson Avenue in Bronx, New York has been sold for a price of $1,900,000. The property spans across 10,000 square feet, providing ample space for industrial activities.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,900,000
- Address: 585 Jackson Avenue, Bronx, New York
- Market: Bronx
The buyer of the property is Steve Zervoudis, while Edward Faerber acted as the seller. The deal was facilitated by brokers Michael Fioravanti and Jonathan Squires from Cushman & Wakefield.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
Is there something missing? Send suggestions