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17-06 Linden Street

The Landau Family Acquires Multifamily Property In Ridgewood For $1.05M
SOLDMultiFamily

The Landau Family Acquires Multifamily Property In Ridgewood For $1.05M

17-06 Linden Street

$1,050,000

$187/SF

Building Size

5,600 SF

Asset Type

MultiFamily

Closing

Nov 10, 2022

AI

The multifamily property located at 17-06 Linden Street in Ridgewood has been sold in a recent transaction. The property spans over 5,600 square feet and was sold for a price of $1,050,000, resulting in a price per square foot of $188. The sale was facilitated by brokers Lev Mavashev and Ben Normatov from Alpha Realty, representing the buyer and seller respectively.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Square Footage: 5,600
  • Price per Square Foot: $188
  • Address: 17-06 Linden Street
  • Market: Ridgewood
  • Buyer: The Landau family
  • Seller: Duke Properties
  • Brokers: Lev Mavashev & Ben Normatov - Alpha Realty

During the transaction, the buyer, The Landau family, worked with their broker representative, Lev Mavashev from Alpha Realty. On the other side, the seller, Duke Properties, was represented by Ben Normatov, also from Alpha Realty.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker
Duke Properties
Duke PropertiesSeller

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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93