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764 Seneca Avenue

The Mixed Use property located in New York that spans 3,000 square feet sold for $1,285,000 or $428 PPSF. The deal closed 4 months and 11 days ago. The brokers of the deal were Thomas (Tom) Donovan and DJ Johnston

  • Location image 764 Seneca Avenue, Queens, New York 11385, United States
  • Sold Value
    image $1,285,000
    image $428
  • Asset Type image Mixed Use
  • Area image 3,000 SF
  • Parties image2 Brokers,1 Agency
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Thomas (Tom) Donovan

B6 Real Estate Advisors
  • Deals 29
  • Volume $374,130,000
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DJ Johnston icon

B6 Real Estate Advisors
  • Deals 53
  • Volume $341,240,000
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Comparables: 764 Seneca Avenue

Showing 4 of 44

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Price Icon $1,210,000

  • StatusSOLD, $403 PPSF
  • Date07/15/22
  • Address1119 Flatbush Avenue, Brooklyn, New York 11226, United States
  • Address1119 Flatbush...
  • AssetMIXED USE
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Price Icon $1,385,000

  • StatusSOLD, $322 PPSF
  • Date06/10/22
  • Address1748 East 174th Street, The Bronx, New York 10472, United States
  • Address1748 East...
  • AssetMIXED USE
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Price Icon $1,350,000

  • StatusSOLD, $381 PPSF
  • Date06/01/22
  • Address4714 Church Avenue, Brooklyn, New York 11203, United States
  • Address4714 Church...
  • AssetMIXED USE
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Price Icon $1,100,000

  • StatusSOLD, $404 PPSF
  • Date05/20/22
  • Address248-09 Jericho Turnpike, Bellerose, NY 11426
  • Address248-09 Jericho...
  • AssetMIXED USE
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This Deal on Social

SALE
IMAGE: DJ Johnston & Thomas Donovan
DATE: 04/08/2022
ADDRESS: 764 Seneca Ave.
MARKET: Ridgewood, Queens
ASSET TYPE: Mixed-use

BUYER: The Erlich Family
SELLER: Richard Hall
BROKERS: DJ Johnston (@B6RealEstate_JohnstonTeam) & Thomas Donovan (@TeamDonovan_NYC) – B6 Real Estate Advisors

SALE PRICE: $1,285,000
SF: 3,000 ~ PPSF: $428

NOTE FROM BROKER: Our team has successfully sold 764 Seneca Avenue, a 3,000 SF mixed-use building in Ridgewood, Queens, on the border of Bushwick, Brooklyn.

The sales price of $1,285,000 reflects a price per SF of $430 & a cap rate of 5.25% upon lease out of vacant spaces.

The demand for this type of asset is indicative of current market conditions. We selected the bidder with the most motivation & best closing terms. We closed two weeks after accepting the offer. It took a total of 6 weeks from the start of our marketing process to the final closing.

Free market mixed-use product under $2,000,000 receives extraordinary interest given the deep buying pools & unrestricted upside. If you own a similar building & would be curious to know how this transaction translates please connect with our team. DJ Johnston – DJohnston@b6realestate.com – 914-584-7422 (Call/Text)

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SALE
IMAGE: DJ Johnston & Thomas Donovan
DATE: 04/08/2022
ADDRESS: 764 Seneca Ave.
MARKET: Ridgewood, Queens
ASSET TYPE: Mixed-use

BUYER: The Erlich Family
SELLER: Richard Hall
BROKERS: DJ Johnston (@B6RealEstate_JohnstonTeam) & Thomas Donovan (@TeamDonovan_NYC) – B6 Real Estate Advisors

SALE PRICE: $1,285,000
SF: 3,000 ~ PPSF: $428

NOTE FROM BROKER: Our team has successfully sold 764 Seneca Avenue, a 3,000 SF mixed-use building in Ridgewood, Queens, on the border of Bushwick, Brooklyn.

The sales price of $1,285,000 reflects a price per SF of $430 & a cap rate of 5.25% upon lease out of vacant spaces.

The demand for this type of asset is indicative of current market conditions. We selected the bidder with the most motivation & best closing terms. We closed two weeks after accepting the offer. It took a total of 6 weeks from the start of our marketing process to the final closing.

Free market mixed-use product under $2,000,000 receives extraordinary interest given the deep buying pools & unrestricted upside. If you own a similar building & would be curious to know how this transaction translates please connect with our team. DJ Johnston – DJohnston@b6realestate.com – 914-584-7422 (Call/Text)

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Contact Thomas (Tom) Donovan

Thomas Donovan is a Partner and Vice Chairman at B6 Real Estate Advisors, specializing in Investment Sales in the Queens...

Mr. Johnston is a Partner, Senior Managing Directors at B6 Real Estate Advisors, where he oversees investment sales in Brooklyn’s...

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