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75 02 51st Avenue

Abe Garbo & Sara Rottenberg Acquire Mixed-Use Property In Elmhurst For $4.325M
SOLDMixed-use

Abe Garbo & Sara Rottenberg Acquire Mixed-Use Property In Elmhurst For $4.325M

75 02 51st Avenue

$4,325,000

$393/SF

Building Size

11,000 SF

Asset Type

Mixed-use

Closing

Feb 24, 2025

AI

The asset involved in the transaction is a mixed-use building located at 75-02 51st Avenue in Elmhurst. The property was sold for $4,325,000 and has a total square footage of 11,000, translating to a price per square foot of $393.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,325,000
  • Square Footage: 11,000
  • Price Per Square Foot: $393
  • Buyer: Abe Garbo & Sara Rottenberg - Invest With Us Capital
  • Sale Date: 02/24/2025
  • Market: Elmhurst

Abe Garbo and Sara Rottenberg represented Invest With Us Capital in the purchase of the property, which is currently occupied by an existing school for kids with special needs that will continue to remain as a tenant.

Players

Abe Garbo

Invest With Us Capital

Buyer

$44.3M

vol

6 deals

Buyer

Elmhurst 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

3.67%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93