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1215 Stratford Avenue

Ryan Perkoski and John Martisch Brokered a Retail Property in the Bronx for $4.05M
SOLDRetail

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

John Martisch

Broker

$70.5M

vol

14 deals

Broker

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