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644 Whittier Street, The Br...

Nicholas Compisano Acquires Industrial Property In Hunts Point, Bronx For $3.7M
SOLDIndustrial

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

Howard Katz

Realty

Seller

$22.6M

vol

3 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

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93