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61-15 Metropolitan Avenue

Ryan Tedder Acquires Retail Property At 61-15 Metropolitan Avenue For $15.48M With Seller's Rep NNN Pro
SOLDRetail

Ryan Tedder Acquires Retail Property At 61-15 Metropolitan Avenue For $15.48M With Seller's Rep NNN Pro

61-15 Metropolitan Avenue

$15,478,060

$1,148/SF

Building Size

13,482 SF

Asset Type

Retail

Closing

Nov 21, 2024

AI

The property located at 61-15 Metropolitan Avenue in Middle Village is a retail asset that has been sold for a transaction amount of $15,478,060. The total square footage of the property is 13,482, resulting in a price per square foot of $1,148.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $15,478,060
  • Square Footage: 13,482
  • Price Per Square Foot: $1,148
  • Buyer: Ryan Tedder
  • Seller's Representative: Anthony Bird, Richard Nardi, Anthony D'Ambrosia & Glen Kunofsky - NNN Pro

Ryan Tedder has acquired the retail property, with representation for the seller provided by a team including Anthony Bird, Richard Nardi, Anthony D'Ambrosia, and Glen Kunofsky from NNN Pro. This collaboration facilitated the transaction in the Middle Village market.

Players

Glen Kunofsky

Surmount

Broker

$768.6M

vol

106 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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93