Marcel Fridman - Barcel Group Acquires Mixed-use Property In Ridgewood For $1.575M
501 Onderdonk Avenue, Ridgewood, NY 11385, USA
$1,575,000
$262/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Dec 3, 2021
About this deal
AI
The mixed-use property located at 501 Onderdonk Avenue in Ridgewood has been sold for a price of $1,575,000. The property has a total area of 6,000 square feet, resulting in a price per square foot of $262. The sale took place on 12/03/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,575,000
- Address: 501 Onderdonk Avenue
- Market: Ridgewood
- Square Footage: 6,000
- Price per Square Foot: $262
The seller of the property was The Governale Family, while the buyer was represented by Marcel Fridman from Barcel Group.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93