Dr Himma Gujat Acquires Retail Property In Ridgewood From Peter Moris For $3.5M
57-09 Myrtle Avenue
$3,500,000
$1,000/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Sep 11, 2024
About this deal
AI
The property asset involved in this transaction is a retail space located at 57-09 Myrtle Avenue in the Ridgewood market. The sale price was $3,500,000 for a total square footage of 3,500, resulting in a price per square foot of $1,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Buyer: Dr Himma Gujat
- Seller: Peter Moris
- Broker Representatives: Frederick Betesh & Richard Babeck - Tri State Commercial Realty
- Square Footage: 3,500
- Price Per Square Foot: $1,000
Frederick Betesh of Tri State Commercial Realty served as the buyer's representative in this deal. Richard Babeck also participated in the transaction representing the same agency. Those interested in engaging in Leasing, Acquisitions, or Disposition transactions can contact Frederick Betesh at [email protected].
On the Map
$3,500,000
$1,000/SF
Retail
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Players
Ridgewood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93