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
About this deal
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.
On the Map
$1,615,000
$593/SF
Mixed-use
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Players
Ridgewood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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