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
About this deal
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.
On the Map
$15,478,060
$1,148/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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93