Itzhaki Properties has completed the sale of 6834 Forest Ave. The subject property is a 6,672 s/f corner mixed use building with four stores and five apartments located on the southwest corner of Forest Ave. Commercial tenants have 2-5 years remaining on their leases and provide a steady stream of cash flow for the investor.
The 24-ft. wide building sold for $1.75 million which occurred at a capitalization rate of 6.7% and a gross rent multiple of 11.56.
Located in the Ridgewood neighborhood, this property is located two blocks away from the M train.
The buyer of this transaction Kei Kei Enterprise LLC was represented by Ami Efrati, sales associate and the seller Beth Page Realty LLC by Ohad Meishar. Tags: