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70 01 forest avenue

David Hedvat Acquires Ridgewood Retail Property From Paul Conway For $3.65M
SOLD

David Hedvat Acquires Ridgewood Retail Property From Paul Conway For $3.65M

$3,650,000

Building Size

Asset Type

Closing

Dec 22, 2022

AI

No summary available.

Players

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker

Paul Conway

Seller

$16.2M

vol

5 deals

Seller

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93