Updated Oct 25, 2024
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
About this deal
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
Loading comparables…
Deal FAQ
Visit Jonathan Squires to view all their deals.
Browse New York industrial sales on Traded.
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