Patrick Durken Acquires Package Deal In Ridgewood From Jay Friedberg For $2.8 Million
599 North Maple Avenue
$2,800,000
$280/SF
Building Size
10,000 SF
Asset Type
Package Deal
Closing
Mar 14, 2025
AI
A package deal located at 599 North Maple Avenue in Ridgewood has been sold for $2,800,000. The asset encompasses a total square footage of 10,000, translating to a price per square foot of $280.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $2,800,000
- Address: 599 North Maple Avenue
- Market: Ridgewood
- Square Footage: 10,000
- Price per Square Foot: $280
The buyer, Patrick Durken, was represented in the transaction by Joseph Aziz from Prestige Property Group, while the seller, Jay Friedberg, was represented by Jason Koziol.
Players
Ridgewood Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93