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
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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