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891 Garrison Avenue

Robert Fordi Of Realterm Acquires Industrial Building In Hunts Point Bronx For $10.3M
SOLDIndustrial

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

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.

Players

Robert Fordi

Realterm

Buyer

$229.4M

vol

9 deals

Buyer

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