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Altmark Group Acquires Bronx Industrial Building From Landau Family For $9.7M

Property Image
SOLD
$9,700,000

New York

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Retail77,000 SF
Sold 01/03/2020
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Property Image
SOLD

Altmark Group Acquires Bronx Industrial Building From Landau Family For $9.7M

139 East 140th Street, Bronx, NY 10451, USA

See Similar Deals
Retail77,000 SF
Sold 01/03/2020
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$126
Total Square Footage:77,000 SF
Transaction Type:Sale

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

Craig Benson
Craig Benson
1 deal$9.7M volume
BROKER
AG
Altmark Group
BUYER

Details

SOLD
IMAGE: Craig Benson DATE: 01/03/2020 ADDRESS: 820 E. 140th Street & 805 E 139th Street MARKET: Bronx PRICE: $9,700,000 SF: 77,000 (45,000 GF) PPSF: $125 🤯 BUYER: Altmark Group SELLER: Landau Family BROKER: Royal Properties - Craig Benson Note: Building is now available for lease (industrial and commercial uses) call 917-740-3885 for more info

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$517,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38