Steve Zervoudis Acquires Bronx Industrial Property On Jackson Avenue For $1.9M
585 Jackson Ave, The Bronx, NY 10455, USA
$1,900,000
$190/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Nov 28, 2020
AI
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
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93