Updated Mar 3, 2025
LSLNY Acquires 6-Unit Multifamily In Ridgewood, Queens For $1.4M
1003 Wyckoff Avenue, Ridgewood, NY 11385, USA
$1,425,000
$316/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Oct 15, 2018
About this deal
AI
A multi-family property located at 1003 Wyckoff Avenue in Ridgewood, Queens has been sold for $1,425,000. The property spans 4,500 square feet and has a price per square foot of $316. It consists of 6 units, with 2 of them currently vacant.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,425,000
- Address: 1003 Wyckoff Avenue, Ridgewood, Queens
- Market: Ridgewood, Queens
- Square Footage: 4,500
The seller of the property is New Generation Mechanical, LLC, represented by Anthony Milohnic. The buyer is LSLNY, represented by Daniel Lolai. Both sides of the deal were represented by Sharone Baradarian from Red Real Estate.
This transaction marks LSLNY's 5th acquisition of 2018. For more information, interested parties can reach out to LSLNY via email at [email protected] or by calling 516-404-0077.
On the Map
$1,425,000
$316/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93