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57-09 Myrtle Avenue

Dr Himma Gujat Acquires Retail Property In Ridgewood From Peter Moris For $3.5M
SOLDRetail

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

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:

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].

Players

Richard Babeck

Tri State Commercial Realty

Broker

$3.5M

vol

20 deals

Broker

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