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.
On the Map
$7,300,000
$258/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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93