Patrick Mcgurk Purchases Bronx Warehouse From Eddie Ortiz For $950,000 With Brokers Yaniv Grinberg & Nathaniel Smith
2114 Arthur Avenue
$950,000
$419/SF
Building Size
2,267 SF
Asset Type
Warehouse
Closing
Sep 30, 2026
About this deal
AI
The property involved in this transaction is a warehouse located at 2114 Arthur Avenue in the Bronx. The sale price for the warehouse was $950,000, with a total square footage of 2,267, resulting in a price per square foot of $419.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $950,000
- Address: 2114 Arthur Avenue
- Market: Bronx
- Buyer: Patrick Mcgurk
- Seller: Eddie Ortiz
- Brokers: Yaniv Grinberg & Nathaniel Smith - FIND Real Estate
- Square Footage: 2,267
- Price per Square Foot: $419
Yaniv Grinberg represented both sides in the sale, successfully sourcing the buyer and managing the transaction through to closing. He facilitated a seller-financing arrangement to align with the objectives of both parties. Despite initial challenges in negotiations, careful communication led to a resolution that completed the sale.
On the Map
$950,000
$419/SF
Warehouse
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Players
Bronx Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93