Updated Oct 29, 2024
Westrock Development Acquires Industrial Property In Mott Haven For $8.3M
820 E 141st St, The Bronx, NY 10454, USA
$8,324,000
$128/SF
Building Size
65,000 SF
Asset Type
Industrial
Closing
Oct 28, 2020
About this deal
AI
Westrock Development, represented by Jason Friedland, has acquired an industrial property located at 820 E. 141st St. in the Mott Haven neighborhood. The property, zoned as M3-1, spans 65,000 square feet and was sold for $8,324,000. With a price per square foot of $128, this transaction reflects the ongoing demand for industrial assets in the area.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,324,000
- Address: 820 E. 141st St.
- Market: Mott Haven
- Asset Type: Industrial
- Zoning: M3-1
- BSF: 65,000
- Price per Square Foot: $128
This acquisition was facilitated by Westrock Development, a prominent real estate firm, with Jason Friedland acting as their representative. They purchased the property from Deep Draw Silver Inc., represented by David Haber. The deal highlights the strategic mindset of Westrock Development as they expand their industrial property portfolio in Mott Haven.
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Jason Friedland to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93