Eden Ashourzadeh Acquires Mixed-Use Property In Ridgewood For $1.8M
390 Seneca Avenue, Ridgewood, NY 11385, USA
$1,800,000
$300/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Jun 25, 2020
About this deal
AI
The mixed-use property located at 390 Seneca Ave in Ridgewood was recently sold for a sale price of $1,800,000. The building offers a total of 6,000 square feet of space, resulting in a price per square foot of $300. The transaction took place on 06/25/2021. The buyer of the property was Eden Ashourzadeh, while the seller was Lek Lotongkhun. The deal was facilitated by brokers Marcel Fridman and Bart Zimmerman from Barcel Group. The property is classified as tax class 2A.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,800,000
- Date: 06/25/2021
- Address: 390 Seneca Ave
- Market: Ridgewood
- Buyer: Eden Ashourzadeh
- Seller: Lek Lotongkhun
- Brokers: Marcel Fridman & Bart Zimmerman - Barcel Group
- Square Footage: 6,000
- Price per Square Foot: $300
The building was delivered fully vacant at the time of closing, presenting opportunities for the new owner to utilize the space as desired.
On the Map
$1,800,000
$300/SF
Mixed-use
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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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93