Joseph Riegler Acquires Mixed-Use Property On 961 E. 167th St. In Foxhurst For $1.975M
961 East 167th Street
$1,975,000
$308/SF
Building Size
6,408 SF
Asset Type
Mixed-use
Closing
Jul 12, 2022
About this deal
AI
Located in the Foxhurst neighborhood, the mixed-use property at 961 E. 167th St. has been sold for a total of $1,975,000. The property spans across 6,408 square feet, resulting in a price per square foot of $308. This transaction marks the transfer of ownership from seller John Ketsoglou to buyer Joseph Riegler.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,975,000
- Square Footage: 6,408
- Price per Square Foot: $308
- Address: 961 E. 167th St.
- Market: Foxhurst
The deal was facilitated by the brokers Derek Bestreich, Luke Sproviero, and Steve Reynolds from Investment Property Realty Group (IPRG). Acting as representatives for their respective parties, they played crucial roles in ensuring the successful completion of the transaction.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93