REAL ESTATE
Trio of commercial properties in Ridgewood sells for $9.3 million
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
Th ree commercial properties just sold
in Ridgewood for a heft y asking price.
Th e 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. Th e trio of properties sold for
$9.3 million.
Th e sales were led by Ariel Property
Advisors agents Sean R. Kelly Esq,
Alexander Taic and David Khukhashvili,
who represented the seller, Th e Mizrahi
family, and procured the buyer, Leopald
Kaufman.
According to Ariel Property Advisors,
Ridgewood is known for its aff ordable
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
diffi cult to develop rental housing, but
Sales in QueensHOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
BAYSIDE ASTORIA HOLLIS HILLS WOODHAVEN
Under $500,000
160-05 17th Ave., 1st fl oor, Whitestone
$349,000
Co-op
2 bedrooms, 1 bathroom
Nancy Chu, Tae Kang, JC Cornerstone
Realty & Mgmt LLC
$500,000-$900,000
141-05 Cherry Ave., Unit 3E, Flushing
$550,000
Condo
1 bedroom, 1 bathroom
Nicholas Oliver, HomeDax Real Estate
LLC
Over $900,000
211-22 34th Rd., Bayside
$1,500,000
Hi Ranch
4 bedrooms, 3 bathrooms
Alex Tembelis, TMT Realty Group LLC
Under $500,000
47-37 45 St., Unit 6L, Sunnyside
$399,000
Co-op
1 bedroom, 1 bathroom
Luisa Th en, First Home Equity Realty
$500,000-$900,000
40-53 62nd St., Unit 1D, Woodside
$619,888
Condo
2 bedrooms, 1 bathroom
Johangir Tayeb, Tayeb Group Inc.
Over $900,000
25-84 45th St., Astoria
$928,888
Hi Ranch
3 bedrooms, 2 bathrooms
Evangelia Boudourakis, Irene Nictas,
Daniel Gale Assoc Inc. of E Nor
Under $500,000
155-02 116th Rd., Jamaica
$460,000
Colonial
Sandra Morrison, Hanni Schroers,
Century 21 Milestone Realty
$500,000-$900,000
185-07 Jordan Ave., St. Albans
$525,000
Cape
4 bedrooms, 3 bathrooms
Michael Henry, Exit All Seasons Realty
Over $900,000
219-15 Peck Ave., Hollis Hills
$1,100,000
Colonial
3 bedrooms, 3 bathrooms
Gwendolyn Levy, Daniel Gale Associates
Inc.
Under $500,000
131-11 Kew Gardens Rd., Kew Gardens
$275,000
Co-op
1 bedroom, 1 bathroom
Timothy Torres, Ian Alexander Realty
Group LLC
$500,000-$900,000
88-17 Eldert Ln., Woodhaven
$659,000
Two-family Colonial
4 bedrooms, 2 bathrooms
Uriel Echeverry, Century 21 American
Homes
Over $900,000
110-11 69 Ave., Forest Hills
$3,999,000
Colonial
4 bedrooms, 4 bathrooms
Alla Yakubov, NY Empire Real Estate
Ridgewood is a market where buyers can
still pencil out rental developments,” Taic
said.
Th e buildings off er 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. Th e 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 benefi ts 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, srkelly@arielpa.com;
Alexander Taic, ext. 44, ataic@arielpa.
com; and David Khukhashvili, ext. 77,
dkhukhashvili@arielpa.com Photo courtesy of Ariel Property Advisors
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