Updated Oct 28, 2024
Sophisticated Hearing, LLC Acquires Retail Property On N Maple Ave, Ridgewood NJ
531 North Maple Avenue, Ridgewood, New Jersey 07450, United States
$950,000
$365/SF
Building Size
2,600 SF
Asset Type
Retail
Closing
Dec 29, 2021
About this deal
AI
Located at 531 N Maple Ave in Ridgewood, NJ, this retail property was recently sold. The transaction took place on December 30, 2021, with a sale price of $950,000. The property spans across 2,600 square feet, resulting in a price per square foot of $365.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $950,000
- Address: 531 N Maple Ave, Ridgewood, NJ
- Square Footage: 2,600
- Price per Square Foot: $365
- Buyer: Sophisticated Hearing, LLC
- Seller: Blue Foundry Bank
- Buyer's Representative: Chris Lama - NY Urban Real Estate Investments, Inc.
- Seller's Representative: Matt Grundy - Ripco Real Estate, LLC
The buyer of this retail property was Sophisticated Hearing, LLC, while the seller was Blue Foundry Bank. Representing the buyer was Chris Lama from NY Urban Real Estate Investments, Inc., and representing the seller was Matt Grundy from Ripco Real Estate, LLC.
On the Map
$950,000
$365/SF
Retail
View full map
Players
Ridgewood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Matt Grundy to view all their deals.
Browse New Jersey retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93