Faramarz Khalili Acquires Mixed-Use Property From Barberan Family In Ridgewood For $1,683,000

The mixed-use property located at 6-68 Seneca Avenue in the Ridgewood market incorporates 2 residential units and 1 commercial unit. The sale price was $1,683,000, with a total square footage of 3,760. The price per unit stands at $561,000, and the price per square foot is $447.

Summary of transaction details:

• Property Type: Mixed-use (2 Residential & 1 Commercial)
• Transaction Amount: $1,683,000
• Address: 6-68 Seneca Avenue
• Market: Ridgewood
• Units: 3
• Price Per Unit: $561,000
• Square Footage: 3,760
• Price Per Square Foot: $447
• Buyer: Faramarz Khalili
• Seller: Barberan Family
• Brokers: Nick Kolbus & Dylan Walsh - Cushman & Wakefield

This transaction was characterized by the property being sold with the retail and second-floor apartment vacant at closing. The robust market activity was evident as the marketing campaign attracted 15 offers within a span of 6 weeks.