Solomon Pavel Acquires Mixed-Use Property In Ridgewood, Queens For $1.5M

A mixed-use property located at 279 Saint Nicholas Avenue in Ridgewood, Queens has been sold for $1,525,000. The property consists of three apartments, one store, and two garage spaces, with a total square footage of 3,000. The sale price per square foot was $508, and there are four units in total, resulting in an average price per unit of $381,250.

Summary of transaction details

• Property Type: Mixed-Use (3 Apts, 1 Store & 2 Garage)
• Transaction Amount: $1,525,000
• Address: 279 Saint Nicholas Avenue
• Market: Ridgewood, Queens

The buyer in this transaction was Solomon Pavel, while the seller was David Shorenstein. The deal was facilitated by brokers Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from Investment Property Realty Group (IPRG). Seller's attorney David Lachtman represented the seller's interests.