Altmark Group Acquires Bronx Industrial Building From Landau Family For $9.7M
139 East 140th Street, Bronx, NY 10451, USA
$9,700,000
$126/SF
Building Size
77,000 SF
Asset Type
Retail
Closing
Jan 2, 2020
AI
The property involved in this sale transaction is located at 820 E. 140th Street & 805 E 139th Street in the Bronx. The property has a total area of 77,000 square feet, with 45,000 square feet on the ground floor. The transaction took place on January 3, 2020. The market for this property is in the Bronx.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $9,700,000
- Square Footage: 77,000 (45,000 GF)
- Price per Square Foot: $125
- Buyer: Altmark Group
- Seller: Landau Family
- Broker: Royal Properties - Craig Benson
The Altmark Group acted as the buyer in this transaction, while the seller was the Landau Family. Craig Benson, representing Royal Properties, facilitated the deal as the broker. It is worth noting that the property is now available for lease, for both industrial and commercial uses. For more information, interested parties can contact 917-740-3885.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93