Marcel Kapos Acquires Mixed-Use Property On Myrtle Ave, Ridgewood For $1.1M

Located at 69-01 Myrtle Ave in Ridgewood, this mixed-use property was recently sold in a closed transaction. The asset is situated on a corner, L-shaped lot and features a variety of zoning designations including R5D, R5B, and C1-3. The property was sold for a price of $1,100,000.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,100,000
• Market: Ridgewood
• Address: 69-01 Myrtle Ave
• Zoning: R5D, R5B, C1-3

The buyer of this property was Marcel Kapos, while the seller was Robert Matatov. The deal was facilitated by brokers Mike Sezan, Yuriy Ustoyev, and Mark Akilov Esq. from Asset CRG.

The building offers a total square footage of 5,207 and a price per square foot of $211. The building's BSF (buildable square footage) amounts to 7,602, resulting in a price per buildable square foot of $144.

Asset CRG, the brokerage firm involved in the transaction, has sold this property twice within a year. The building was delivered with approved plans for redevelopment, adding potential value to the asset.

For further information or similar opportunities, please get in touch with the following representatives from Asset CRG:

• Mike Sezan ([email protected])
• Yuriy Ustoyev ([email protected])
• Mark Akilov ([email protected])