Updated Oct 25, 2024
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
About this deal
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.
On the Map
$6,350,000
$198/SF
Industrial
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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
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93