Updated Dec 19, 2023
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
About this deal
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