Peter Mestousis Acquires Industrial Property In Bronx For $1.25M

A industrial property located at 662 Hunts Point Avenue in Bronx has been sold. The property spans 4,514 square feet with a sale price of $1,250,000, reflecting a price per square foot of $277. The transaction took place on June 10th, 2021. The property was sold at a cap rate of 6.5%.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $1,250,000
• Address: 662 Hunts Point Avenue, Bronx
• Square Footage: 4,514
• Market: Bronx

The buyer of the property is Peter Mestousis, while Dominic Ferrovecchio served as the seller. The transaction was facilitated by Sasha Mejia and Abass Braimah, representatives from @RASEquityPartners.