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

Property Image
SOLD
$2,700,000
Alex Lebowitz
+ 1

New York

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Mixed-use5,236 SF
Sold 06/22/2021
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Property Image
SOLD

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

1712 Menahan Street, Ridgewood, NY, USA

See Similar Deals
Mixed-use5,236 SF
Sold 06/22/2021
Alex Lebowitz
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$515
Total Square Footage:5,236 SF
Transaction Type:Sale

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 (Matt) Cosentino
81 deals$319M volume
BROKER

Alex Lebowitz
11 deals$42.9M volume
BUYER


Capital Partners
BUYER

4 deals$15M volume
SELLER

Details

SOLD
IMAGE: Matt Cosentino DATE: 06/22/2021 ADDRESS: 1712 Menahan Street MARKET: Ridgewood ASSET TYPE: Mixed-use BUYER: Alex Lebowitz & Billy Haddad - Partners Path Capital SELLER: Eli Kranz - Deergrow Developments BROKER: Matt Cosentino - @TerraCRG SALE PRICE: $2,700,000 SF: 5,236 ~ PPSF: $515 UNITS: 6 ~ PPU: $450,000

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
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