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:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 3010 Ridgewood Avenue
- Market: Edgewater
- Square Footage: 14,000
- Price Per Square Foot: $192
- Buyer: Reid Castellano
- Seller: Lawrence Kramer
- Broker Representatives: Chris Madlon & Josh Phillips - Silber Investment Properties
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
$2,700,000
$192/SF
Retail
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Players
Edgewater 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93