Solomon Pavel Acquires Mixed-Use Property In Ridgewood, Queens For $1.525M

The property involved in this closed transaction is a mixed-use asset located at 279 Saint Nicholas Avenue in the Ridgewood neighborhood of Queens. The asset includes three apartments, one store, and two garages. The transaction took place on 01/23/2023.

Summary of transaction details:

• Property Type: Mixed-Use (3 Apartments, 1 Store, 2 Garages)
• Transaction Amount: $1,525,000
• Square Footage: 3,000
• Price per Square Foot: $508
• Number of Units: 4
• Price per Unit: $381,250
• Market: Ridgewood, Queens

The buyer in this transaction is Solomon Pavel, while the seller is David Shorenstein. The deal was facilitated by Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from Investment Property Realty Group (IPRG). The seller's attorney for this transaction was David Lachtman.