Updated Sep 5, 2024
Matthew Bodh Acquires 12-Unit Multifamily In Ridgewood For $1.55M
1042 Cypress Ave Ridgewood, NY 11385
$1,550,000
$252/SF
Building Size
6,150 SF
Asset Type
MultiFamily
Closing
Jul 10, 2023
About this deal
AI
A multifamily property located at 1042 Cypress Avenue in Ridgewood has been sold for a price of $1,550,000. The property consists of 12 units, with a price per unit of $129,167. The total square footage of the property is 6,150, resulting in a price per square foot of $252.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Units: 12
- Price per Unit: $129,167
- Square Footage: 6,150
- Price per Square Foot: $252
- Address: 1042 Cypress Avenue
- Market: Ridgewood
The buyer of the property is Matthew Bodh, while the seller is Nadia Dackow. The deal was facilitated by Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Noah Middlekauff from Investment Property Realty Group (IPRG).
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93