facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

961 East 167th Street

Joseph Riegler Acquires Mixed-Use Property On 961 E. 167th St. In Foxhurst For $1.975M
SOLDMixed-use

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

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

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

314 deals

Broker

Joseph Riegler

Buyer

$11.6M

vol

4 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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