facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

820 East 141st Street

Jorge Madruga Of Maddd Equities Acquires Industrial Asset In Port Morris For $6.75M
SOLDIndustrial

Jorge Madruga Of Maddd Equities Acquires Industrial Asset In Port Morris For $6.75M

820 East 141st Street

$6,750,000

$204/SF

Building Size

33,000 SF

Asset Type

Industrial

Closing

May 3, 2026

AI

A 33,000-square-foot industrial asset located at 820 East 141st Street in the Port Morris neighborhood of the Bronx has been sold. The transaction involved a sale price of $6,750,000, resulting in a price per square foot of $205.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,750,000
  • Buyer: Jorge Madruga - Maddd Equities
  • Seller: Jason Friedland - Westrock Development
  • Square Footage: 33,000
  • Address: 820 East 141st Street
  • Market: Port Morris, Bronx

Jorge Madruga represents Maddd Equities, while Jason Friedland represents Westrock Development in this transaction, facilitating the transfer of ownership of the industrial property.

Players

Jorge Madruga

Maddd Equities

Buyer

$749.5M

vol

23 deals

Buyer
Jason Friedland

Jason Friedland

Westrock Development

Seller

$15.1M

vol

2 deals

Seller

Bronx 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

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93