Ariel Property Advisors Facilitates $1.8M Sale Of Mixed-Use Property In Ridgewood
552 Grandview Avenue, Ridgewood, NY 11385
$1,815,000
$468/SF
Building Size
3,875 SF
Asset Type
Mixed-use
Closing
Aug 26, 2021
About this deal
AI
Located at 552 Grandview Avenue in Ridgewood, this mixed-use property was recently sold on August 26, 2021. The property spans a total of 3,875 square feet and was sold for $1,815,000, resulting in a price per square foot of $468.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,815,000
- Address: 552 Grandview Avenue
- Market: Ridgewood
The sale was brokered by Alexander Taic and Michael Tortorici from Ariel Property Advisors, along with Michael Drummey.
The mixed use sale at 552 Grandview Avenue, Ridgewood, NY 11385 in New York, New York sold for $1.8M in 2021. The building is 3,875 square feet, implying about 468 per square foot on the published price. Michael "Mike" Drummey, Michael A. Tortorici, Alexander Taic, Ariel Property Advisors appear on the sale alongside Ariel Property Advisors. This page is the New York, New York file for the 552 Grandview Avenue, Ridgewood, NY 11385 mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 552 Grandview Avenue, Ridgewood, NY 11385 around 2021. Published consideration for 552 Grandview Avenue, Ridgewood, NY 11385 is $1.8M, dated 2021. Cite this Ariel Property Advisors Facilitates $1.8M Sale Of Mixed-Use Property In Ridgewood sale when underwriting similar mixed use product around New York, New York.
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
8.74%
Cash-on-Cash
-2.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93