Updated Oct 28, 2024
U-Haul Acquires Industrial Property In The Bronx For $5.3M
758 East 138th Street, The Bronx, New York 10454, United States
$5,300,000
$447/SF
Building Size
11,838 SF
Asset Type
Industrial
Closing
Oct 30, 2022
About this deal
AI
A property in The Bronx has been sold for $5,300,000. The industrial asset, located at 758-764 E 138th Street, spans 11,838 square feet with a price-per-square-foot of $448. The transaction took place on October 31, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,300,000
- Address: 758-764 E 138th Street, The Bronx
- Market: The Bronx
The buyer of the property was U-Haul, while the seller was 760-762 E. 138th St. Corporation, represented by Alexander Nusca. The deal was facilitated by brokers Jonathan Squires, Josh Neustadter, and Austin Weiner of Cushman & Wakefield.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93