Updated Dec 4, 2024
Ariel Castellanos and Federico Mazzeo Brokered a $7.3 Million Industrial Warehouse in Bronx
621 East 132nd Street
$7,300,000
$258/SF
Building Size
28,250 SF
Asset Type
Industrial
Closing
Sep 19, 2024
About this deal
AI
A warehouse located at 621 East 132nd Street in Hunts Point, Bronx, New York, was sold for $7.3 million. The property has a total square footage of 28,250 and a price per square foot of $258.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,300,000
- Address: 621 East 132nd Street
- Market: Bronx
- Seller: Lenny Gamss
- Brokers: Ariel Castellanos & Federico Mazzeo - Pinnacle Realty of New York
- Closing Date: 09/19/2024
The buyer, 621 E 132 LLC, was represented by Mullaev Law Group during the acquisition. Ariel Castellanos and Federico Mazzeo successfully represented both the buyer and seller in this transaction.
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93