Hector Berja Purchases Retail Property In Ridgewood From Harry Auerbach For $370,000
SOLD
$370,000
New York
See Similar DealsRetail591 SF
Sold 02/17/2026
SOLD
Hector Berja Purchases Retail Property In Ridgewood From Harry Auerbach For $370,000
1615 Palmetto Street
See Similar DealsRetail591 SF
Sold 02/17/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$626
Total Square Footage:591 SF
Transaction Type:Sale
The retail asset located at 16-15 Palmetto Street in Ridgewood has been sold for $370,000. The property encompasses 591 square feet, resulting in a price per square foot of $626.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $370,000
- Address: 16-15 Palmetto Street
- Market: Ridgewood
- Square Footage: 591
- Price per Square Foot: $626
- Buyer: Hector Berja
- Seller: Harry Auerbach
- Brokers: Jacques Wadler & Vincent Lopez - Knickerbocker Realty Group
Knickerbocker Realty Group represented both the buyer and seller in this transaction, ensuring a seamless execution. The acquisition has a 30-day contract and was occupied at the time of closing.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$19,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,314.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,753.99
Annual Debt Service$21,047.87
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