Ryan Perkoski and John Martisch Brokered a Retail Property in the Bronx for $4.05M
1215 Stratford Avenue
$4,050,000
$238/SF
Building Size
17,000 SF
Asset Type
Retail
Closing
Sep 25, 2024
AI
The property asset involved in the transaction is a retail space located at 1215-1217 Stratford Avenue in the Bronx. The sale price was $4,050,000, with a total square footage of 17,000, resulting in a price per square foot of $238.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $4,050,000
- Address: 1215-1217 Stratford Avenue
- Market: Bronx
- Square Feet: 17,000
- Price Per Square Foot: $238
- Buyer: Stratford 26, LLC
- Seller: Stratakis Family
- Brokers: Ryan Perkoski & John Martisch - RPR Ventures
- Date of Transaction: 09/25/2024
Key individuals involved in the transaction include the buyer, Stratford 26, LLC, and the seller, Stratakis Family. The brokerage team representing the transaction comprised Ryan Perkoski and John Martisch from RPR Ventures, facilitating the deal.
Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93