WWW.QNS.COM RIDGEWOOD TIMES NOVEMBER 21, 2019 35
REAL ESTATE
Three commercial properties in R’wood sell for $9.3M
BY EMILY DAVENPORT
EDAVENPORT@QNS.COM
@QNS
Three commercial properties just
sold in Ridgewood for a hefty asking
price.
The properties, located at 56-
40/56-42 Myrtle Ave. and 17-11
Hancock St., were owned and operated
by the Happy Days children’s
clothing store retailer for over 40
years. The trio of properties sold for
$9.3 million.
The sales were led by Ariel
Property Advisors agents Sean R.
Kelly Esq, Alexander Taic and David
Khukhashvili, who represented the
seller, The Mizrahi family, and procured
the buyer, Leopald Kaufman.
According to Ariel Property Advisors,
Ridgewood is known for its affordable
rent and variety of public
transportation options compared to
the rest of the city.
“Land pricing in neighborhoods
close to Manhattan has made it
increasingly difficult to develop
rental housing, but Ridgewood is
a market where buyers can still
pencil out rental developments,”
Taic said.
The buildings offer 40 feet of
retail frontage on Myrtle Avenue,
plus over 45,000 buildable square
feet, which translates into $206 per
buildable square foot, above average
for this area. The buildings are
also nearby M and L subway lines,
as well as businesses such as AT&T,
Chase, Dunkin Donuts, Rite Aid,
McDonalds and KFC.
“Bolstered by the benefits of a
strong retail location, proximity
to major transportation hubs, and
future redevelopment potential
spurred an active bidding process
for the properties, which allowed us
to secure the buyer within just 30
days of marketing the asset,” Kelly
said.
For more information about
the properties, contact 212-544-
9500: Sean R. Kelly Esq, ext. 59,
Courtesy of Ariel Property Advisors
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Palmetto Street
Listings selected at random. Courtesy MLS
Under $600,000
63-16 Forest Avenue, UNIT 1B
$497,000
Condo
2 bedrooms, 2 bathrooms
Joe Hasselt
Joe T Hasselt, REALTOR
$600,000-$1,000,000
18-11 Starr Street
$950,000
Colonial
3 bedrooms, 3 bathrooms
Palackal Babu, Babu Joseph
Cross Island Realty One Inc
Over $1,000,000
61-32 Palmetto Street
$1,150,000
Two-family townhouse
5 bedrooms, 2 bathrooms
Daniela Cazan
Coldwell Banker Kueber Realty
89th Street 58th Road 78th Street
Under $600,000
82-58 89th Street
$599,999
Colonial
2 bedrooms, 2 bathrooms
Akshay Dudani
HomeSmart CrossIsland
$600,000-$1,000,000
78-22 62nd Street
$699,000
Colonial
3 bedrooms, 2 bathrooms
Lillian Matej
Cooper and Katz Real Estate Corp
Over $1,000,000
70-32 70th Street
$1,320,000
Two-family colonial
4 bedrooms, 4 bathrooms
Lucy Lu
Landmark International R E LLC
Under $600,000
52-54 65th Place, UNIT 2K
$390,000
Co-op
2 bedrooms, 1 bathroom
Beata Fil
Exit All Seasons Realty
$600,000-$1,000,000
53-80 64th Street
$750,000
Colonial
3 bedrooms, 2 bathrooms
Maureen Brennan
O Kane Realty
Over $1,000,000
59-38 58th Road
$1,150,000
Two-family colonial
7 bedrooms, 3 bathrooms
Dar Hakooon
Top Homes Realty Inc.
Under $600,000
66-59 71th Street, UNIT 3C
$498,888
Condo
1 bedroom, 1 bathroom
Silvia Corrales
Keller Williams Landmark II
$600,000-$1,000,000
65-34 78th Street
$779,999
Colonial
3 bedrooms, 2 bathrooms
Joseph Crifasi
Crifasi Real Estate Inc.
Over $1,000,000
66-11 75th Street
$1,099,000
Two-family two-story
2 bedrooms, 3 bathrooms
Lillian Matej
Cooper & Katz Real Estate Corp
srkelly@arielpa.com; Alexander
Taic, ext. 44, ataic@arielpa.com;
and David Khukhashvili, ext. 77,
dkhukhashvili@arielpa.com
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