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

/

Retail

/

Sale

/

1645 Webster Avenue, The Br...

Marc Pogostin Acquires Retail Property In Bronx For $2.3M With Brokers Ryan Perkoski & John Martisch
SOLDRetail

Marc Pogostin Acquires Retail Property In Bronx For $2.3M With Brokers Ryan Perkoski & John Martisch

1645 Webster Avenue, The Bronx, New York 10457, United States

$2,300,000

$258/SF

Building Size

8,900 SF

Asset Type

Retail

Closing

Jun 21, 2022

AI

The retail property located at 1645 Webster Ave. in Bronx has been sold in a closed transaction. The property spans 8,900 square feet and was sold for a total of $2,300,000, resulting in a price per square foot of $258. The transaction took place on June 22, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,300,000
  • Address: 1645 Webster Ave.
  • Market: Bronx
  • Square Footage: 8,900

The buyer of the property is Marc Pogostin, while the seller is the Siegel Family. The deal was facilitated with the assistance of brokers Ryan Perkoski and John Martisch from RPR Ventures.

Players

John Martisch

Broker

$70.5M

vol

14 deals

Broker

Marc Pogostin

Tremont Garage Realty Corp.

Buyer

$31.8M

vol

7 deals

Buyer

Siegel Family

Seller

$2.3M

vol

1 deal

Seller

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93