Tavor Holdings Acquires Mixed-Use Asset In Ridgewood For $3.25M With Seller's Rep Cushman & Wakefield
679 Grandview Avenue
$3,250,000
$560/SF
Building Size
5,800 SF
Asset Type
MultiFamily
Closing
Nov 2, 2025
AI
This mixed-use property, located at 679-681 Grandview Avenue in Ridgewood, includes 5 residential units and 1 commercial space. The sale price for this asset was $3,250,000, which results in a price per unit of $541,667 and a price per square foot of $560 based on the total square footage of 5,800 SF.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $3,250,000
- Address: 679-681 Grandview Avenue
- Market: Ridgewood
- Units: 6
- Price Per Unit: $541,667
- Square Footage: 5,800
- Price Per Square Foot: $560
- Buyer: Tavor Holdings - Drew Lefkowitz & Jeremy Spector
- Seller's Representative: Dylan Walsh, Nick Kolbus, Austin Weiner & Kieran Baker - Cushman & Wakefield
The deal involved Tavor Holdings, represented by Drew Lefkowitz and Jeremy Spector. The transaction was facilitated by a team from Cushman & Wakefield, including Dylan Walsh, Nick Kolbus, Austin Weiner, and Kieran Baker, who represented the seller in this significant property transaction.
Players
Ridgewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93