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701 East 132nd Street, The ...

Ted Ohl Sells Industrial Property In Port Morris For $4.54M With Buyer's Rep Andrew Roth & Seller's Rep Tom Cisco
SOLDIndustrial

Ted Ohl Sells Industrial Property In Port Morris For $4.54M With Buyer's Rep Andrew Roth & Seller's Rep Tom Cisco

701 East 132nd Street, The Bronx, New York 10454, United States

$4,540,000

$302/SF

Building Size

15,000 SF

Asset Type

Industrial

Closing

Mar 24, 2022

AI

Located in Port Morris, the industrial property at 701 E. 132nd St. has been sold for a price of $4,540,000. Spanning across 15,000 square feet, this transaction had a price per square foot of $302. The sale took place on March 25, 2022, as confirmed by the transaction date.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $4,540,000
  • Address: 701 E. 132nd St.
  • Market: Port Morris
  • Square footage: 15,000
  • Price per square foot: $302
  • Seller: Ted Ohl
  • Buyer's Representative: Andrew Roth - Somerset Real Estate
  • Seller's Representative: Tom Cisco - Feinberg Bros.

The buyer's representative for this deal was Andrew Roth from Somerset Real Estate, while the seller's representative was Tom Cisco from Feinberg Bros. These key individuals played crucial roles in facilitating the successful transaction.

Players

Andrew J. Roth

Somerset Residential

Broker

$11.5M

vol

13 deals

Broker

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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93