Updated May 12, 2025
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
About this deal
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.
On the Map
$2,800,000
$280/SF
Package Deal
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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