Nicholas Compisano Acquires Industrial Property In Hunts Point, Bronx For $3.7M
644 Whittier Street, The Bronx, New York 10474, United States
$3,700,000
$296/SF
Building Size
12,500 SF
Asset Type
Industrial
Closing
Dec 21, 2021
AI
The industrial property located at 644 Whittier Street in Hunts Point, Bronx has been sold in a closed transaction. The property is zoned as M1-2, HP, making it suitable for industrial use. The sale took place on December 22, 2021, with Nicholas Compisano as the buyer and Howard Katz as the seller.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,700,000
- Market: Hunts Point, Bronx
- Address: 644 Whittier Street
- Zoning: M1-2, HP
The property has a building square footage of 12,500 and a price per square foot of $296. The total building square footage is 25,000, with a price per building square foot of $148. The property's FAR (Floor Area Ratio) is 2.00, and it falls under tax class 4.
The lot size is 12,500 square feet, with dimensions of 125 ft x 100 ft. The property previously obtained an alteration permit on October 13, 2009, marked as Alteration 2.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93