Ali Blue Properties LLC Acquires Medical Office In Ridgewood, NJ For $3.3M
SOLD
$3,300,000
New Jersey
See Similar Deals6,088 SF
Sold 09/15/2022
SOLD
Ali Blue Properties LLC Acquires Medical Office In Ridgewood, NJ For $3.3M
1144 East Ridgewood Avenue, Ridgewood, New Jersey 07450, United States
See Similar Deals6,088 SF
Sold 09/15/2022
Summary
NEW JERSEY
Price Per Square Foot:$542
Total Square Footage:6,088 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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