Eric Shamalov Acquires Mixed-Use Property In Ridgewood Queens For $3.2M
361 St Nicholas Ave, Ridgewood, NY 11385, USA
$3,200,000
$56/SF
Building Size
56,990 SF
Asset Type
Mixed-use
Closing
Dec 19, 2019
About this deal
AI
A mixed-use property located at 361 St Nicholas Avenue in Ridgewood Queens has been sold for a price of $3,200,000. The property spans a total area of 5,699 square feet, resulting in a price per square foot of $561.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,200,000
- Address: 361 St Nicholas Avenue, Ridgewood Queens
- Square Footage: 5,699
- Price per Square Foot: $561
- Market: Ridgewood Queens
The seller of the property was Min Li, while the buyer was Eric Shamalov. The transaction was facilitated by the broker, Michael Steinberg.
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93