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
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