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599 North Maple Avenue

Patrick Durken Acquires Package Deal In Ridgewood From Jay Friedberg For $2.8 Million
SOLDPackage Deal

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

Jason Koziol

Broker

$3.9M

vol

2 deals

Broker

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