facebook
Traded Co logo
Submit

Karen Chazan & Ira Chazan Acquire 5-Unit Mixed-Use Property In Ridgewood For $2.12M

Property Image
SOLD
$2,119,000
Arianna Halpern
Matt Fotis
CS

New York

See Similar Deals
Mixed-use38,000 SF
Sold 12/16/2019
the dealplayerscompscontact
Property Image
SOLD

Karen Chazan & Ira Chazan Acquire 5-Unit Mixed-Use Property In Ridgewood For $2.12M

71-04 Fresh Pond Rd, Flushing, NY 11385, USA

See Similar Deals
Mixed-use38,000 SF
Sold 12/16/2019
Arianna Halpern
Matt Fotis
CS
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$55
Total Square Footage:38,000 SF
Transaction Type:Sale

The mixed-use property located at 7104 Fresh Pond Road in Ridgewood has been sold for a total of $2,119,000. This property spans across 3,800 square feet and was purchased at a rate of $557 per square foot. It consists of 5 units, with each unit being sold at an average price of $423,800.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,119,000
  • Address: 7104 Fresh Pond Road
  • Market: Ridgewood
  • Square Footage: 3,800
  • Price per Square Foot: $557
  • Number of Units: 5
  • Price per Unit: $423,800

Casey Schear acted as the seller in this transaction, while Karen Chazan and Ira Chazan were the buyers. The seller was represented by Matt Fotis from Marcus & Millichap, and the buyer was represented by Arianna Halpern from Julia Shildret Real Estate.

Players

Matt Fotis
Marcus & Millichap
Matt Fotis
111 deals$598M volume(212) 430-5234
BROKER
Arianna Halpern
Julia Shildkret Real Estate Group
Arianna Halpern
1 deal$2.1M volume
BROKER
CS
Casey Schear
3 deals$8.7M volume
SELLER

Details

SOLD
IMAGE: Matt Fotis & Arianna Halpern DATE: 12/16/2019 ADDRESS: 7104 Fresh Pond Road MARKET: Ridgewood ASSET TYPE: Mixed-use SALE PRICE: $2,119,000 SF: 3,800 PPSF: $557 UNITS: 5 PPU: $423,800 SELLER: Casey Schear BUYER: Karen Chazan & Ira Chazan SELLER’S REP: Matt Fotis – Marcus & Millichap BUYER’S REP: Arianna Halpern – Julia Shildret Real Estate […]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$113,013.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,528.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,045.14
Annual Debt Service$120,541.69