Updated May 19, 2026
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
About this deal
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.
On the Map
$6,750,000
$204/SF
Industrial
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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