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
Ridgewood 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
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93