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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

New York 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93