Updated Sep 9, 2024
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
About this deal
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
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