facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

All

/

Sale

/

1144 East Ridgewood Avenue,...

Ali Blue Properties LLC Acquires Medical Office In Ridgewood, NJ For $3.3M
SOLD

Ali Blue Properties LLC Acquires Medical Office In Ridgewood, NJ For $3.3M

1144 East Ridgewood Avenue, Ridgewood, New Jersey 07450, United States

$3,300,000

$542/SF

Building Size

6,088 SF

Asset Type

Closing

Sep 14, 2022

AI

An office building located at 1144 E Ridgewood Avenue in Ridgewood, NJ has been sold in a recent transaction. The property, a medical office, was purchased by Ali Blue Properties LLC from Virtual Reality Inc for a total price of $3,300,000. The office building spans a total area of 6,088 square feet, resulting in a price per square foot of $542.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $3,300,000
  • Address: 1144 E Ridgewood Avenue, Ridgewood, NJ
  • Market: Ridgewood, NJ
  • Buyer: Ali Blue Properties LLC
  • Seller: Virtual Reality Inc
  • Broker: Omar Sharif - Alexander Anderson Real Estate Group

Omar Sharif, from Alexander Anderson Real Estate Group, represented both parties involved in the sale of this medical office building. This transaction took place on 09/15/2022 and marks another successful deal in the real estate market.

Players

Omar Sharif

Alexander Anderson Real Estate Group

Broker

$3.3M

vol

1 deal

Broker
PL
Properties LLCBuyer

Ridgewood CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93