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1668 George St, Ridgewood, ...

Yanni Likidis Acquires Multi Family Property In Ridgewood For $1.3M By Buyer Rep George Koncilja & Seller Rep Dominick Schook
SOLDMultiFamily

Yanni Likidis Acquires Multi Family Property In Ridgewood For $1.3M By Buyer Rep George Koncilja & Seller Rep Dominick Schook

1668 George St, Ridgewood, NY 11385, USA

Building Size

3,250 SF

Asset Type

MultiFamily

Closing

Nov 28, 2020

AI

Located in Ridgewood, New York, the multi-family property at 1668 George Street has been sold in a closed transaction. The property spans across 3,250 square feet and was sold for a price of $1,300,000. This deal involved Juan Rivera as the seller and Yanni Likidis as the buyer.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $1,300,000
  • Address: 1668 George Street
  • Market: Ridgewood

The buyer was represented by George Koncilja from Oxford Property Group, while the seller was represented by Dominick Schook from Charles Rutenberg – RealEstate.

Players

Dominick Schook

Broker

1 deal

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93