Updated Oct 29, 2024
Richard G. Cuccia Acquires Industrial Property In Woodside For $6.5M
5916 Broadway, The Bronx, NY 10471, USA
$6,500,000
$386/SF
Building Size
16,800 SF
Asset Type
Industrial
Closing
Mar 22, 2020
About this deal
AI
An industrial property located at 59-16 Broadway in Woodside has been sold for $6,500,000. The property spans 16,800 square feet and has a price per square foot of $386.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,500,000
- Square Footage: 16,800
- Price per Square Foot: $386
- Address: 59-16 Broadway, Woodside
The buyer of the property is Richard G. Cuccia, while the seller is Bertuccio Estates Inc, represented by John Bertuccio. Unfortunately, no additional information about the broker involved in the deal is available.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93