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63-49 60th Place

Damian Andraka Brokers $2.7M Ridgewood Industrial Sale At $302/SF
SOLDIndustrial

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

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:

The deal was facilitated by Damian Andraka from Stonegate Real Estate, representing the parties involved in the transaction.

Players

Damian Andraka

Stonegate Real Estate

Broker

$2.7M

vol

1 deal

Broker

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