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Itay Gamlieli Acquires Mixed-Use Property In Ridgewood, Queens For $2M

Property Image
SOLD
$2,000,000
William "Billy" Stephan
Scott Plasky
Itay Gamlieli

New York

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Mixed-use6,340 SF
Sold 10/30/2023
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Property Image
SOLD

Itay Gamlieli Acquires Mixed-Use Property In Ridgewood, Queens For $2M

56-11 Catalpa Avenue

See Similar Deals
Mixed-use6,340 SF
Sold 10/30/2023
William "Billy" Stephan
Scott Plasky
Itay Gamlieli
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$315
Total Square Footage:6,340 SF
Transaction Type:Sale

Located at 56-11 Catalpa Avenue in Ridgewood, Queens, this mixed-use property recently underwent a sale transaction. The property consists of a 100% occupied building with one ground floor retail unit, one office space, and two apartments. The total square footage of the property is 6,340, and it was sold for a price of $2,000,000 at a rate of $315 per square foot. The buyer of the property is Itay Gamlieli, while Sandy Axelrad is the seller.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,000,000
  • Address: 56-11 Catalpa Avenue, Ridgewood, Queens
  • Market: Ridgewood, Queens
  • Buyer: Itay Gamlieli
  • Seller: Sandy Axelrad
  • Brokers: Scott Plasky & William Stephan - Marcus & Millichap
  • Square Footage: 6,340
  • Price Per Square Foot: $315

The deal was facilitated by Scott Plasky and William Stephan from Marcus & Millichap, who represented the buyer and seller in the transaction.

Players

William "Billy" Stephan
Marcus & Millichap
William Stephan
39 deals$236.5M volume
BROKER
Scott Plasky
Marcus & Millichap
Scott Plasky
78 deals$406.4M volume(212) 430-5229
BROKER
Itay Gamlieli
Itay Gamlieli
10 deals$24.8M volume
BUYER
Itay Gamlieli
Itay Gamlieli
10 deals$24.8M volume
BUYER

Details

SOLD
IMAGE: Scott Plasky & William Stephan DATE: 10/30/2023 ADDRESS: 56-11 Catalpa Avenue MARKET: Ridgewood, Queens ASSET TYPE: Mixed-use BUYER: Itay Gamlieli (@ItayGamlieli) SELLER: Sandy Axelrad BROKERS: Scott Plasky (@PlasyRetailGroup) & William Stephan (@BillyStephan_mm) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $2,000,000 SF: 6,340 ~ PPSF: $315 NOTE FROM BROKER: 100% occupied mixed-use building with one ground floor retail unit, one office space, and two apartments. -use

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