Klosed Properties Acquires Mixed Use Property In Ridgewood, Queens For $1.2M
SOLD
$1,200,000
+ 1
New York
See Similar DealsMixed-use4,620 SF
Sold 08/20/2020
SOLD
Klosed Properties Acquires Mixed Use Property In Ridgewood, Queens For $1.2M
763 Seneca Ave, Ridgewood, NY 11385, USA
See Similar DealsMixed-use4,620 SF
Sold 08/20/2020
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$259
Total Square Footage:4,620 SF
Transaction Type:Sale
The mixed-use property located at 763 Seneca Avenue in Ridgewood, Queens, has been sold for $1,200,000. This property comprises of 5 residential units and 2 commercial units, with a combined square footage of approximately 1,500 square feet. The total area of the property is 4,620 square feet, resulting in a price per square foot of $259. The property is zoned R6B and C1-4, allowing for mixed-use development.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $1,200,000
- Square Footage: 4,620 SF
- Price per Square Foot: $259
- Units: 5 Residential & 2 Commercial (approx. 1,500 SF)
- Zoning: R6B, C1-4
The buyers of this property are Steven Kachanian, Jacob Namdar, and the company @KlosedProperties.
Brokers:
- Rani Bendary - [Agency Name]
- Andreas Efthymiou - [Agency Name]
- Stephen R. Preuss - [Agency Name]
- Adam Hajibai - [Agency Name]
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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