Updated Oct 29, 2024
E&M Ice Cream Acquires Industrial Property In Soundview For $9.8M
701 Zerega Ave, The Bronx, NY 10473, USA
$9,800,000
$15/SF
Building Size
652,120 SF
Asset Type
Industrial
Closing
Dec 26, 2019
About this deal
AI
The industrial property located at 701 Zerega Avenue in the Soundview market has been sold for a price of $9,800,000. The property spans a total square footage of 65,212, with a price per square foot of $150. The buyer in this transaction is E&M Ice Cream, represented by Martin Kelly. The seller of the property is @Edys.
Summary of Transation Details
- Property Type: Industrial
- Transaction Amount: $9,800,000
- Address: 701 Zerega Avenue
- Market: Soundview
- Total Square Footage: 65,212
- Price per Square Foot: $150
- Buyer: E&M Ice Cream - Martin Kelly
- Seller: @Edys
E&M Ice Cream, represented by Martin Kelly, has acquired the industrial property located at 701 Zerega Avenue in the Soundview market for a total price of $9,800,000. The property spans over 65,212 square feet and was sold by @Edys. This transaction signifies an important move for E&M Ice Cream as they further establish their presence in the industrial sector.
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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93