Fernando Mateo And Steven Rivera Of Sentry Management Solutions Acquire Creative Industrial Warehouse For $4.5M
9 Bruckner Boulevard
$4,500,000
$277/SF
Building Size
16,205 SF
Asset Type
Industrial
Closing
Mar 19, 2025
AI
The asset involved in this transaction is a creative industrial/warehouse property located at 9 Bruckner Boulevard in the Mott Haven market. The property has a sale price of $4,500,000 with a building size factor of 30,000. It features a square footage of 16,205 and a price per square foot of $277.
Summary of transaction details:
- Property Type: Creative Industrial / Warehouse
- Transaction Amount: $4,500,000
- Address: 9 Bruckner Boulevard
- Market: Mott Haven
- Building Size Factor: 30,000
- Square Footage: 16,205
- Price per Square Foot: $277
- Buyer: Fernando Mateo & Steven Rivera - Sentry Management Solutions; Josh Bartlett - Josh Bartlett Capital
- Seller: RXR Realty
- Buyer's Rep: Chris Varjan, Jeffrey Lopez & Steve Lorenzo - Lee & Associates
- Seller's Rep: Jason M. Gold, Gabriel Elyaszadeh & Victor Sozio - Ariel Property Advisors
The transaction involved key individuals from both the buyer and seller sides, with Chris Varjan, Jeffrey Lopez, and Steve Lorenzo representing the buyers from Lee & Associates, while Jason M. Gold, Gabriel Elyaszadeh, and Victor Sozio represented RXR Realty from Ariel Property Advisors. The notable activity from Ariel Property Advisors includes marketing approximately $400 million worth of properties throughout the Bronx.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93