Updated Oct 13, 2026
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
About this deal
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.
On the Map
$3,300,000
$542/SF
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Players
Ridgewood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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