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80-77 Cypress Avenue

Noah Fernando Buys Industrial Property In Ridgewood For $1.125M
SOLDIndustrial

Noah Fernando Buys Industrial Property In Ridgewood For $1.125M

80-77 Cypress Avenue

$1,125,000

$450/SF

Building Size

2,500 SF

Asset Type

Industrial

Closing

Oct 31, 2022

AI

The industrial property located at 80-77 Cypress Avenue in Ridgewood was recently sold in a transaction. The property spans 2,500 square feet and was sold for a total price of $1,125,000, resulting in a price per square foot of $450. The sale took place on 10/31/2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $1,125,000
  • Address: 80-77 Cypress Avenue
  • Market: Ridgewood

Noah Fernando was the buyer of the property. The deal was facilitated by brokers Dan O'Brien, Will Diana, Nick Kolbus, and Dylan Walsh from Cushman & Wakefield.

Players

William Diana

WTD Realty Partners

Broker

$110.3M

vol

33 deals

Broker

Noah Fernando

Buyer

$2.6M

vol

3 deals

Buyer

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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93