Updated Dec 21, 2023
Dexter Adolphus Acquires Industrial Property On Cody Ave In Ridgewood For $2.5M
1651a Cody Avenue, Queens, New York 11385, United States
$2,500,000
$359/SF
Building Size
6,950 SF
Asset Type
Industrial
Closing
Mar 31, 2022
About this deal
AI
The industrial property located at 1651A Cody Avenue in Ridgewood has been sold in a recent transaction. The property spans approximately 6,950 square feet and was sold for a price of $2,500,000, resulting in a price per square foot of $359.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 1651A Cody Avenue
- Market: Ridgewood
- Square Footage: 6,950
- Price per Square Foot: $359
Dexter Adolphus represented the buyer, while David Caccavo acted as the seller in this transaction.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93