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
About this deal
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
New York 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93