Updated Dec 4, 2024
Damian Andraka Brokers $2.7M Ridgewood Industrial Sale At $302/SF
63-49 60th Place
$2,715,000
$301/SF
Building Size
9,000 SF
Asset Type
Industrial
Closing
May 24, 2024
About this deal
AI
The industrial property located at 63-49 60th Place in Ridgewood was recently sold for $2,715,000. Spanning 9,000 square feet, the property was transacted at a price per square foot of $302.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,715,000
- Address: 63-49 60th Place
- Market: Ridgewood
- Square Footage: 9,000
- Broker: Damian Andraka - Stonegate Real Estate
The deal was facilitated by Damian Andraka from Stonegate Real Estate, representing the parties involved in the transaction.
The industrial sale at 63-49 60th Place in Ridgewood, New York sold for $2.7M in 2024. The building is 9,000 square feet, implying about 301 per square foot on the published price. Damian Andraka, Stonegate Real Estate appear on the sale alongside Stonegate Real Estate. This page is the Ridgewood, New York file for the 63-49 60th Place industrial sold: pricing, party profiles, and other closed industrial comps from the same Ridgewood sit in the Market section below. Filter that Ridgewood industrial set by closing date to see what else sold near 63-49 60th Place around 2024. Published consideration for 63-49 60th Place is $2.7M, dated 2024. Cite this Damian Andraka Brokers $2.7M Ridgewood Industrial Sale At $302/SF sale when underwriting similar industrial product around Ridgewood, New York.
On the Map
$2,715,000
$301/SF
Industrial
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Ridgewood 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
5.84%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93