Roros Family Sells Mixed-Use Property In Ridgewood, Queens For $1.75M
67-10 Fresh Pond Road, Ridgewood, NY, USA
$1,750,000
$486/SF
Building Size
3,600 SF
Asset Type
Mixed-use
Closing
Dec 28, 2020
AI
The mixed-use property located at 67-10 Fresh Pond Road in Ridgewood, Queens has been sold for a price of $1,750,000. The property, with a total square footage of 3,600, is zoned as R6B, C1-4. The transaction took place on December 29, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Address: 67-10 Fresh Pond Road, Ridgewood, Queens
- Market: Ridgewood, Queens
- Zoning: R6B, C1-4
The seller of the property was The Roros Family. The transaction was facilitated by Cayce Ortale of RAS Equity Partners. Cayce Ortale served as the broker in this deal.
Players
New York 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93