Edgar Millan Purchases Industrial Property From Allen Rashidzada For $5.3M In Bronx
SOLD
$5,300,000
New York
See Similar DealsIndustrial15,000 SF
Sold 08/01/2024
SOLD
Edgar Millan Purchases Industrial Property From Allen Rashidzada For $5.3M In Bronx
1169 Oak Point Avenue
See Similar DealsIndustrial15,000 SF
Sold 08/01/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$353
Total Square Footage:15,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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