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
Bronx 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93