Updated Dec 21, 2023
Luci Isaac Acquires Vacant Three-Story Commercial In Ridgewood, Queens For $1.685M
57-45 Myrtle Ave, Ridgewood, Queens County, NY, USA
$1,685,000
$441/SF
Building Size
3,813 SF
Asset Type
Commercial
Closing
Mar 21, 2019
About this deal
AI
The vacant three-story commercial property located at 57-45 Myrtle Ave in Ridgewood, Queens has been sold for $1,685,000. The property spans 3,813 square feet, resulting in a price per square foot of $442. The transaction took place on March 22, 2019 and was facilitated by brokers Andreas Efthymiou and Stephen R. Preuss from TeamPreuss at CushWake. The property falls under the C4-3A zoning category.
Summary of transaction details:
- Property Type: Vacant Three-Story Commercial
- Transaction Amount: $1,685,000
- Address: 57-45 Myrtle Ave
- Market: Ridgewood, Queens
- Square Footage: 3,813
- Price per Square Foot: $442
- Zoning: C4-3A
Billy Gentile served as the seller in this transaction, while Luci Isaac was the buyer. The deal was successfully negotiated with the assistance of brokers Andreas Efthymiou and Stephen R. Preuss from TeamPreuss at CushWake.
Players
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Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.41%
Cash-on-Cash
-2.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93