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575 Woodward Avenue

Zhen Yang Purchases Mixed-Use Property At 575 Woodward Avenue Ridgewood For $1.46M From Fortez Group
SOLDMixed-use

Zhen Yang Purchases Mixed-Use Property At 575 Woodward Avenue Ridgewood For $1.46M From Fortez Group

575 Woodward Avenue

$1,460,000

$422/SF

Building Size

3,460 SF

Asset Type

Mixed-use

Closing

Apr 1, 2026

AI

The asset involved in this transaction is a mixed-use property located at 575 Woodward Avenue in the Ridgewood market. The sale concluded at a price of $1,460,000 for a total square footage of 3,460, resulting in a price per square foot of $421.

Summary of transaction details:

This transaction involved notable individuals such as the buyer Zhen Yang and the seller represented by a team from Ripco, including Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie. Their professional representation was integral to the completion of this property sale.

Players

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker

Ridgewood 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

10.87%

Cash-on-Cash

-3.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93