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601 E 137th St

David Cohen Acquires Industrial Property In Mott Haven, Bronx For $6.35M
SOLDIndustrial

David Cohen Acquires Industrial Property In Mott Haven, Bronx For $6.35M

601 E 137th St

$6,350,000

$198/SF

Building Size

32,000 SF

Asset Type

Industrial

Closing

Feb 3, 2023

AI

The industrial property located at 601 E 137th St in Mott Haven, Bronx, was recently sold in a closed transaction. The property spans 32,000 square feet and was sold for a price of $6,350,000, resulting in a price per square foot of $198.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,350,000
  • Square Footage: 32,000
  • Price Per Square Foot: $198
  • Address: 601 E 137th St, Mott Haven, Bronx

The buyer in this transaction was David Cohen, while the seller was Matt Sprayregen. The deal was facilitated by the brokers Chris Varjan, Steve Lorenzo, Jonathan Braun, and George Steffani from Lee & Associates.

Players

Chris Varjan

Lee & Associates

Broker

$469.3M

vol

29 deals

Broker
David Cohen

David Cohen

Buyer

$369.2M

vol

21 deals

Buyer
Matt Sprayregen

Matt Sprayregen

Seller

$125.7M

vol

6 deals

Seller

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

2.50%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93