Rafael A. Rodriguez, Jose Checo & Javier A. Checo Rivas Acquire Retail Property In Ridgewood, Queens For $4.3M
6686 Fresh Pond Road, Queens, New York 11385, United States
$4,300,000
$477,777/SF
Building Size
9 SF
Asset Type
Retail
Closing
Oct 28, 2022
About this deal
AI
Located at 6686-6690 Fresh Pond Road in Ridgewood, Queens, this retail property recently changed hands in a sale transaction. The property spans a total square footage of 9,334, with a price per square foot of $461. The total building square footage is 14,354, resulting in a price per building square foot of $300. The sale price for the property is recorded at $4,300,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,300,000
- Address: 6686-6690 Fresh Pond Road, Ridgewood, Queens
- Total Square Footage: 9,334
- Price Per Square Foot: $461
- Total Building Square Footage: 14,354
- Price Per Building Square Foot: $300
The buyers of this retail property are Rafael A. Rodriguez, Jose Checo, and Javier A. Checo Rivas. On the other hand, Peter Pellegrini acted as the seller for this transaction.
Players
Ridgewood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Ridgewood retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93