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Gil Zaburov And Benny Nisanov Acquire 63-56 Forest Avenue Mixed-use Property For $2M

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SOLD
$2,000,000

New York

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Mixed-use5,400 SF
Sold
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Property Image
SOLD

Gil Zaburov And Benny Nisanov Acquire 63-56 Forest Avenue Mixed-use Property For $2M

63-56 Forest Avenue

See Similar Deals
Mixed-use5,400 SF
Sold
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$370
Total Square Footage:5400 SF
Transaction Type:Sale

This mixed-use property, located at 63-56 Forest Avenue in Ridgewood, has a residential component consisting of 4 units and a commercial unit. The sale concluded for a total price of $2,000,000, with an average price per unit of $400,000. The property spans a total square footage of 5,400, resulting in a price per square foot of $370.

Summary of transaction details:

  • Property Type: Mixed-use (4 Residential & 1 Commercial)
  • Transaction Amount: $2,000,000
  • Buyer: Gil Zaburov & Benny Nisanov
  • Seller: Turano Family
  • Broker: Lev Mavashev & Ben Normatov - Alpha Realty
  • Units: 5
  • Price per Unit: $400,000
  • Square Footage: 5,400
  • Price per Square Foot: $370

Lev Mavashev and Ben Normatov represented Alpha Realty in the successful transaction between the buyers and selling party. The brokers extend their congratulations to both the Zaburov and Nisanov families, wishing them luck in their new acquisition.

Players

Lev Mavashev
104 deals$699.8M volume(212) 658-0955
BROKER

Ben Normatov
Alpha Realty
38 deals$251.1M volume(212) 658-0324
BROKER

Details

SOLD
IMAGE: Lev Mavashev, Benny Nisanov & Ben Normatov DATE: 3/6/2026 ADDRESS: 63-56 Forest Avenue MARKET: Ridgewood ASSET TYPE: Mixed-use (4 Residential & 1 Commercial) BUYER: Gil Zaburov (@Gilly928) & Benny Nisanov (@BennyDaJeweler) SELLER: Turano Family BROKERS: Lev Mavashev (@Lev_Mavashev) & Ben Normatov (@Ben_Normatov) - Alpha Realty (@Alpha_Realty_NY) SALE PRICE: $2,000,000 UNITS: 5 ~ PPU: $400,000 SF: 5,400 ~ PPSF: $370 NOTE FROM BROKER: Alpha Realty would like to congratulate both buyer and seller on a smooth transaction! Wishing the Zaburov and Nisanov family lots of luck!

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
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