Updated Jun 22, 2026
Robert Fordi Of Realterm Acquires Industrial Building In Hunts Point Bronx For $10.3M
891 Garrison Avenue
$10,300,000
$1,119/SF
Building Size
9,200 SF
Asset Type
Industrial
Closing
May 8, 2026
About this deal
AI
An industrial property located at 891 Garrison Avenue in Hunts Point, Bronx was sold for $10,300,000. The property spans 9,200 square feet and has a price per square foot of $1,120. Additionally, it features a building size of 80,156 square feet with a price per building square foot of $128.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,300,000
- Buyer: Robert Fordi - Realterm
- Closing Date: May 8, 2026
- Recording Date: June 18, 2026
- Transaction Entity: RLF V East LLC
The buyer of the industrial building, Realterm, is represented by Robert Fordi. The transaction highlights the strategic interest in industrial assets within the Hunts Point market of Bronx.
On the Map
$10,300,000
$1,119/SF
Industrial
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Players
Garrison 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93