Updated Dec 21, 2023
Ronald Chua Acquires Multifamily Property In Ridgewood For $1.35M
1652 Norman Street, Ridgewood, NY 11385, USA
$1,350,000
$357/SF
Building Size
3,778 SF
Asset Type
MultiFamily
Closing
Aug 23, 2020
About this deal
AI
The multifamily property located at 1652 Norman Street in Ridgewood has been sold. The transaction took place on August 23, 2021. The property is classified as 2A for tax purposes and spans a total square footage of 3,778.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Market: Ridgewood
- Address: 1652 Norman Street
- Tax Class: 2A
The buyer of the property is Ronald Chua. The deal was facilitated by brokers Derek Bestreich, Steve Reynolds, Brian Davila, Tom Reynolds, and Sean Mashihi from Bestreich Realty Group. The transaction price for the property was $1,350,000, resulting in a price per square foot of $357. The property consists of 5 units, with an average price per unit of $270,000.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sean Mashihi to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93