Yechezkiel Schwimmer Acquires Mixed-Use Property From The Kwok Family For $1.6M In Ridgewood
652 Seneca Avenue
$1,600,000
$297/SF
Building Size
5,375 SF
Asset Type
Mixed-use
Closing
Mar 11, 2025
About this deal
AI
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.
On the Map
$1,600,000
$297/SF
Mixed-use
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Players
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93