Gabriel Goldberger Acquires Multifamily Property In Ridgewood For $2.075M
SOLD
$2,075,000
New York
See Similar DealsMultiFamily2,800 SF
Sold 07/23/2020
SOLD
Gabriel Goldberger Acquires Multifamily Property In Ridgewood For $2.075M
16-76 Jefferson Ave, Flushing, NY 11385, USA
See Similar DealsMultiFamily2,800 SF
Sold 07/23/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$741
Total Square Footage:2,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$110,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,372.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,836.56
Annual Debt Service$118,038.70
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