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1169 Oak Point Avenue

Edgar Millan Purchases Industrial Property From Allen Rashidzada For $5.3M In Bronx
SOLDIndustrial

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

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.

Players

Federico Mazzeo

Pinnacle Realty of New York

Broker

$121.6M

vol

24 deals

Broker

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