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Mixed Use

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1070 Cypress Ave

Doron Leiby And Karine Moore Purchase Mixed-Use Property From Chezky Parness For $1.615M
SOLDMixed-use

Doron Leiby And Karine Moore Purchase Mixed-Use Property From Chezky Parness For $1.615M

1070 Cypress Ave

$1,615,000

$593/SF

Building Size

2,720 SF

Asset Type

Mixed-use

Closing

Dec 18, 2018

AI

The property at 1070 Cypress Ave is a mixed-use asset located in the Ridgewood market. The transaction for this property concluded at a price of $1,615,000.00, encompassing a total square footage of 2,720.0.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,615,000.00
  • Address: 1070 Cypress Ave
  • Market: Ridgewood
  • Square Footage: 2,720.0
  • Buyer: Doron Leiby and Karine Moore
  • Seller: Chezky Parness
  • Brokers: Yani Simantov, Kobi Zamir (GFI Realty Services)

The transaction involved the buyers Doron Leiby and Karine Moore, who acquired the property from seller Chezky Parness. The brokerage services were provided by Yani Simantov and Kobi Zamir from GFI Realty Services, representing the buyers in the real estate deal.

Players

Kobi Zamir

GFI Realty Services

Broker

$77.3M

vol

11 deals

Broker

Doron Leiby and Karine Moore

Buyer
Buyer

Chezky Parness

Seller
Seller

Ridgewood Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.82%

Cash-on-Cash

-2.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93