Updated Dec 19, 2023
Ari Malekan Acquires Industrial Property At 1655-1661 Weirfield St. In Ridgewood, Queens For $2.5M
1655 Weirfield Street, Ridgewood, NY 11385, USA
$2,500,000
$208/SF
Building Size
12,000 SF
Asset Type
Industrial
Closing
Apr 11, 2021
About this deal
AI
Located at 1655-1661 Weirfield St. in Ridgewood, Queens, this industrial property has recently been sold. The transaction took place on April 12, 2021. The property spans a total of 12,000 square feet, with a price per square foot of $208. The sale price for this transaction amounted to $2,500,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 1655-1661 Weirfield St., Ridgewood, Queens
- Square Footage: 12,000
- Price per Square Foot: $208
- Date: April 12, 2021
In this deal, the buyer was Ari Malekan, while Trudy Kloock served as the seller. The brokers involved in the transaction were Stephen R. Preuss and Rani Bendary from TeamPreuss at Cushman & Wakefield.
On the Map
$2,500,000
$208/SF
Industrial
View full map
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Rani Bendary to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93