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Artan Prelaj Purchases Industrial Building At 4121 Third Avenue Bronx For $7.2M From Aleksander Lakal
SOLD
$7,200,000
New York
See Similar DealsIndustrial
Sold 05/28/2026
SOLD
Artan Prelaj Purchases Industrial Building At 4121 Third Avenue Bronx For $7.2M From Aleksander Lakal
4121 Third Avenue
See Similar DealsIndustrial
Sold 05/28/2026
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Sale
The industrial building located at 4121 Third Avenue in the Bronx features a building size of 69,577 square feet. It was sold for a total price of $7,200,000, which equates to a price per square foot of $103.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Address: 4121 Third Avenue
- Market: Bronx
- Building Size: 69,577 BSF
- Price per Square Foot: $103
- Buyer: Artan Prelaj
- Seller: Aleksander Lakal
Artan Prelaj, representing 2923-35 Third LLC, completed the purchase from Aleksander Lakal’s 4119 Third LLC. The transaction was finalized on May 28, 2026, with the official recording occurring on June 12, 2026.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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