Noah Fernando Buys Industrial Property In Ridgewood For $1.125M
SOLD
$1,125,000
+ 1
New York
See Similar DealsIndustrial2,500 SF
Sold 10/31/2022
SOLD
Noah Fernando Buys Industrial Property In Ridgewood For $1.125M
80-77 Cypress Avenue
See Similar DealsIndustrial2,500 SF
Sold 10/31/2022
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$450
Total Square Footage:2,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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