Updated Aug 14, 2026
SOLDMultiFamily
Joshua Malekan Of Bridge Advisory Group Purchases Multifamily Property On 40 Ellard Avenue For $876,026
40 Ellard Avenue
$876,026
$538/SF
Building Size
1,626 SF
Asset Type
MultiFamily
Closing
Jul 18, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 40 Ellard Avenue in the Great Neck market. The sale price was $876,026 for a building consisting of 2 units, resulting in a price per unit of $438,013. The property has a total square footage of 1,626, equating to a price per square foot of $538.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $876,026
- Units: 2
- Price Per Unit: $438,013
- Square Footage: 1,626
- Price Per Square Foot: $538
- Buyer: Joshua Malekan - Bridge Advisory Group
- Seller: Ester Alian
Joshua Malekan, representing the buyer, noted the company's approach to transactions, emphasizing their flexibility and ethical stance in dealings. They mentioned an openness to sell the property as is, anticipating interest from prospective tenants or buyers, while also sharing insights derived from the transaction experience.
On the Map
$876,026
$538/SF
MultiFamily
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Players
Great Neck 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
18.11%
Cash-on-Cash
-5.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93