Onyx Equities Sells 16,698 Square Foot Retail Building In Ridgewood For $5.65 Million

On January 13, 2025, a retail building at 30-38 Oak Street in Ridgewood was sold for $5,650,000. The asset spans 16,698 square feet and is 91.8% leased, featuring tenants such as Park West Tavern and Je Lu Ja Spa.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,650,000
• Square Footage: 16,698
• Price Per Square Foot: $338
• Seller: Jonathan Schultz - Onyx Equities
• Brokerage Firm: Cushman & Wakefield
• Brokers Involved: Andre Balthazard, Andrew Schwartz, Daniel Bottiglieri, David Bernhaut, Jordan Sobel

The buyer is an undisclosed investor who purchased the property, with representation provided by the brokers from Cushman & Wakefield, highlighting a collaborative approach in this transaction within the retail market segment.