Updated Dec 4, 2024
Edgar Millan Purchases Industrial Property From Allen Rashidzada For $5.3M In Bronx
1169 Oak Point Avenue
$5,300,000
$353/SF
Building Size
15,000 SF
Asset Type
Industrial
Closing
Aug 1, 2024
About this deal
AI
The property asset involved in the transaction is an industrial space located at 1169 Oak Point Avenue in the Bronx. The sale price was $5,300,000, encompassing a total square footage of 15,000, which breaks down to a price per square foot of $353.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,300,000
- Address: 1169 Oak Point Avenue
- Market: Bronx
- Square Footage: 15,000
- Price per Square Foot: $353
- Buyer: Edgar Millan
- Seller: Allen Rashidzada
- Broker Representatives: Federico Mazzeo & Ariel Castellanos - Pinnacle Realty of New York
The individuals involved in this transaction include Edgar Millan as the buyer and Allen Rashidzada as the seller. The transaction was facilitated by the brokerage team of Federico Mazzeo and Ariel Castellanos, representing Pinnacle Realty of New York.
On the Map
$5,300,000
$353/SF
Industrial
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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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93