Marc Pogostin Acquires Retail Property In Bronx For $2.3M With Brokers Ryan Perkoski & John Martisch
SOLD
$2,300,000
New York
See Similar DealsRetail8,900 SF
Sold 06/22/2022
SOLD
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
See Similar DealsRetail8,900 SF
Sold 06/22/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$258
Total Square Footage:8,900 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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