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40 Ellard Avenue

Joshua Malekan Of Bridge Advisory Group Purchases Multifamily Property On 40 Ellard Avenue For $876,026
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

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:

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.

Players

Joshua Malekan

Bridge Advisory Group

Broker

$147.7M

vol

45 deals

Broker
Joshua Malekan

Joshua Malekan

Bridge Advisory Group

Buyer

$147.7M

vol

45 deals

Buyer

Ester Alian

Seller

$876K

vol

1 deal

Seller

Great Neck MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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