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621 East 132nd Street

Ariel Castellanos and Federico Mazzeo Brokered a $7.3 Million Industrial Warehouse in Bronx
SOLDIndustrial

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

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:

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

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

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93