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1712 Menahan Street, Ridgew...

Alex Lebowitz & Billy Haddad - Partners Path Capital Acquire Mixed-use Property In Ridgewood For $2.7M
SOLDMixed-use

Alex Lebowitz & Billy Haddad - Partners Path Capital Acquire Mixed-use Property In Ridgewood For $2.7M

1712 Menahan Street, Ridgewood, NY, USA

$2,700,000

$515/SF

Building Size

5,236 SF

Asset Type

Mixed-use

Closing

Jun 21, 2021

AI

Anchored by 1712 Menahan Street, this mixed-use property in Ridgewood was recently sold in a closed transaction. The property encompasses 5,236 square feet and is situated on Menahan Street in Ridgewood's market. The transaction took place on June 22, 2021, with Matt Cosentino capturing an image of the property.

Summary of transation details

  • Property Type: Mixed-use
  • Sale Price: $2,700,000
  • Square Footage: 5,236
  • Market: Ridgewood

The buyer of the property is Alex Lebowitz and Billy Haddad from Partners Path Capital, while the seller is Eli Kranz from Deergrow Developments. The deal was facilitated by Matt Cosentino, a representative from erraCRG.

This transaction involved the sale of the mixed-use property located at 1712 Menahan Street. The buyer, represented by Alex Lebowitz and Billy Haddad of Partners Path Capital, acquired the property from seller Eli Kranz of Deergrow Developments. Matt Cosentino from erraCRG acted as the broker in this transaction.

Players

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker
Alex Lebowitz

Alex Lebowitz

Partners Path

Buyer

$42.9M

vol

11 deals

Buyer
Capital Partners
Capital PartnersBuyer

Eli Kranz

Deergrow Developments

Seller

$15M

vol

4 deals

Seller

New York 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93