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3010 Ridgewood Avenue

Updated Oct 5, 2026

Reid Castellano Acquires Retail Property At 3010 Ridgewood Avenue For $2.7M With Brokers Chris Madlon & Josh Phillips
SOLDRetail

Reid Castellano Acquires Retail Property At 3010 Ridgewood Avenue For $2.7M With Brokers Chris Madlon & Josh Phillips

3010 Ridgewood Avenue

$2,700,000

$192/SF

Building Size

14,000 SF

Asset Type

Retail

Closing

Sep 24, 2026

About this deal

AI

The retail property located at 3010 Ridgewood Avenue in the Edgewater market has been sold for a transaction amount of $2,700,000. The asset spans a total square footage of 14,000, equating to a price per square foot of $192.

Summary of transaction details:

Reid Castellano is the buyer, while Lawrence Kramer is the seller in this transaction. Chris Madlon and Josh Phillips from Silber Investment Properties represented the brokers in the deal.

On the Map

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$2,700,000

$192/SF

Retail

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Players

Chris Madlon

Silber Investment Properties

Broker

$3.5M

vol

3 deals

Broker

Reid Castellano

Buyer

$2.7M

vol

1 deal

Buyer

Lawrence Kramer

Seller

$2.7M

vol

1 deal

Seller
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Edgewater Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $192 per square foot on a published $2.7M for 14,000 square feet (2026).

Visit Chris Madlon to view all their deals.

Browse Edgewater retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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