facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

1003 Wyckoff Avenue, Ridgew...

LSLNY Acquires 6-Unit Multifamily In Ridgewood, Queens For $1.4M
SOLDMultiFamily

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

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.

Players

Sharone Baradarian

Broker

$20.7M

vol

3 deals

Broker
Daniel Lolai

Daniel Lolai

Buyer

$211.9M

vol

93 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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