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:
- 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.
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