Updated Oct 29, 2024
MADDD Equities Acquires Industrial Property In Bronx For $25M
Brook Avenue And East 164th Street
$25,000,000
$500/SF
Building Size
50,000 SF
Asset Type
Industrial
Closing
Aug 31, 2023
About this deal
AI
The industrial property located at Brook Avenue & East 164th Street in the Bronx has been sold for a price of $25,000,000. The property spans across 50,000 square feet, resulting in a price per square foot of $500. The transaction took place on 08/31/2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $25,000,000
- Market: Bronx
- Address: Brook Avenue & East 164th Street
MADDD Equities was the buyer in this transaction. The buyer was represented by their attorney, Gary Rosen, Esq. from Rosen Law LLC. As the property's representative, Gary Rosen facilitated the legal aspects of the deal.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93