Park Drive Equities Acquires Mixed Use Property In Cedarhurst, NY For $3.2M

A mixed-use property located at 488 Central Avenue in Cedarhurst, NY has been sold for $3,200,000. The property spans 9,200 square feet, resulting in a price per square foot of $347. The property consists of 8 residential units and 2 stores, generating a gross income of $246,000. The transaction took place on October 15, 2018.

Summary of transaction details

• Property Type: Mixed Use
• Transaction Amount: $3,200,000
• Address: 488 Central Avenue
• Market: Cedarhurst, NY
• Square footage: 9,200
• Price per square foot: $347
• Gross Income: $246,000

Park Drive Equities, represented by Joseph Hoch, acquired the property from Landau Real Estate. The transaction was facilitated by Michael Guttman of Rosewood Realty Group.