Bluestone Group Acquires Warehouse From Ronnie Shaban For $14.1M In Bronx
SOLD
$14,100,000
New York
See Similar DealsWarehouse84,650 SF
Sold 04/20/2016
SOLD
Bluestone Group Acquires Warehouse From Ronnie Shaban For $14.1M In Bronx
780 E 135th St, New York, NY, 10454
See Similar DealsWarehouse84,650 SF
Sold 04/20/2016
Summary
NEW YORK
Asset Type:Warehouse
Price Per Square Foot:$166
Total Square Footage:84,650 SF
Transaction Type:Sale
The asset involved in this transaction is a warehouse located at 780 E 135th St, New York, NY, 10454. The property spans a total square footage of 84,650 and was sold for $14,100,000. The market for this property is identified as Bronx.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $14,100,000.00
- Address: 780 E 135th St, New York, NY, 10454
- Market: Bronx
- Seller's Representative: Ronnie Shaban - Kassin Sabbagh Realty
- Buyer: Bluestone Group
The transaction involved key representatives, notably Ronnie Shaban from Kassin Sabbagh Realty representing the seller, while Bluestone Group acted as the buyer. This deal reflects the efforts of the involved parties to finalize the purchase of the warehouse asset.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$751,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,094.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,841.19
Annual Debt Service$802,094.32
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