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Yechezkiel Schwimmer Acquires Mixed-Use Property From The Kwok Family For $1.6M In Ridgewood

Property Image
SOLD
$1,600,000

New York

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Mixed-use5,375 SF
Sold 03/11/2025
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Property Image
SOLD

Yechezkiel Schwimmer Acquires Mixed-Use Property From The Kwok Family For $1.6M In Ridgewood

652 Seneca Avenue

See Similar Deals
Mixed-use5,375 SF
Sold 03/11/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$297
Total Square Footage:5,375 SF
Transaction Type:Sale

The property involved in this transaction is a mixed-use asset located at 652 Seneca Avenue in the Ridgewood market. The sale price of the property was $1,600,000, with a total square footage of 5,375 and a price per square foot of $297.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,600,000
  • Address: 652 Seneca Avenue
  • Market: Ridgewood
  • Square Footage: 5,375
  • Price per Square Foot: $297
  • Buyer: Yechezkiel Schwimmer
  • Seller: The Kwok Family
  • Broker: Josh Farshad - Park View

The deal involved Yechezkiel Schwimmer as the buyer, while The Kwok Family acted as the seller. Josh Farshad from Park View represented the transaction, facilitating the sale of the property. Interested parties can reach out to Josh Farshad at 516-669-1681 for more off-market deals and inquiries.

Players

Josh Farshad
Josh Farshad
2 deals$3.8M volume
BROKER
Park View Realty
Park View Realty
BROKERAGE

Details

SOLD
IMAGE: Josh Farshad DATE: 03/11/2025 ADDRESS: 652 Seneca Avenue MARKET: Ridgewood ASSET TYPE: Mixed-use BUYER: Yechezkiel Schwimmer SELLER: The Kwok Family BROKER: Josh Farshad (@JoshFarshad) - Park View SALE PRICE: $1,600,000 SF: 5,375 ~ PPSF: $297 NOTE FROM BROKER: Reach out to me at 516-669-1681 for more off market deals & inquiries. Josh Farshad (Principal) Park View

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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)-$5,684.48
Cash-on-Cash Return-1.27%
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