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701 Zerega Ave, The Bronx, ...

Updated Oct 29, 2024

E&M Ice Cream Acquires Industrial Property In Soundview For $9.8M
SOLDIndustrial

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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Deal FAQ

About $15 per square foot on a published $9.8M for 652,120 square feet (2019).

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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

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