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16-76 Jefferson Ave, Flushi...

Gabriel Goldberger Acquires Multifamily Property In Ridgewood For $2.075M
SOLDMultiFamily

Gabriel Goldberger Acquires Multifamily Property In Ridgewood For $2.075M

16-76 Jefferson Ave, Flushing, NY 11385, USA

$2,075,000

$741/SF

Building Size

2,800 SF

Asset Type

MultiFamily

Closing

Jul 22, 2020

AI

The multifamily property located at 1676 Jefferson Avenue in Ridgewood was recently sold for a price of $2,075,000. This property has a building square footage of 5,000 and a price per building square footage of $415. The total square footage of the property is 2,800, with a price per square footage of $741. It consists of 4 units, with a price per unit of $518,750.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,075,000
  • Address: 1676 Jefferson Avenue
  • Market: Ridgewood

The buyer in this transaction was Gabriel Goldberger and the seller was Moses Singer. The previous sale of this property took place on July 1, 2015, for a price of $975,000.

Players

Gabriel Goldberger

Buyer

$5M

vol

2 deals

Buyer

Ridgewood 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

7.64%

Cash-on-Cash

-2.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93