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Industrial

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Sale

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9 Bruckner Boulevard

Updated Apr 1, 2025

Bilt advertisement
Fernando Mateo And Steven Rivera Of Sentry Management Solutions Acquire Creative Industrial Warehouse For $4.5M
SOLDIndustrial

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

About this deal

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:

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

Chris Varjan

Lee & Associates

Broker

$476.6M

vol

29 deals

Broker
RXR Realty
RXR RealtySeller

Bronx Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $277 per square foot on a published $4.5M for 16,205 square feet (2025).

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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

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