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
About this deal
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.
On the Map
$2,300,000
$258/SF
Retail
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Players
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