Mark Abdelmessih Of Dusk Group Represents Seller, Scott Torres, In $2.2M Mixed-Use Sale On Palmetto Street, Ridgewood, Queens
SOLD
$2,225,000
New York
See Similar DealsMixed-use5,625 SF
Sold 11/01/2022
SOLD
Mark Abdelmessih Of Dusk Group Represents Seller, Scott Torres, In $2.2M Mixed-Use Sale On Palmetto Street, Ridgewood, Queens
20-01 Palmetto Street
See Similar DealsMixed-use5,625 SF
Sold 11/01/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$395
Total Square Footage:5,625 SF
Transaction Type:Sale
Located in Ridgewood, Queens, the mixed-use property at 20-01 Palmetto Street has been sold in a closed transaction. The property features retail space as well as residential units, making it a versatile investment opportunity.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,225,000
- Square Footage: 5,625
- Price per Square Foot: $396
- Market: Ridgewood, Queens
The seller of the property was Scott Torres. The transaction was facilitated by Mark Abdelmessih of Dusk Group, who represented the seller in the deal.
This transaction showcases the collaboration between the seller, Scott Torres, and broker Mark Abdelmessih of Dusk Group. The agreement resulted in the successful sale of the mixed-use property at 20-01 Palmetto Street in Ridgewood, Queens.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$118,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,904.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,547.64
Annual Debt Service$126,571.62
Is there something missing? Send suggestions