Updated Dec 21, 2023
David Natanov Sells Multifamily Property In Ridgewood For $1.9M
17-16 Linden Street, Ridgewood, NY 11385, USA
$1,900,000
$316/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
May 27, 2020
About this deal
AI
A multifamily property located at 17-16 Linden St. in Ridgewood was sold in a recent transaction. The property, with a total square footage of 6,000, was sold for $1,900,000, resulting in a price per square foot of $316. The seller of the property was David Natanov.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 17-16 Linden St.
- Market: Ridgewood
- Square Footage: 6,000
The transaction was facilitated by Marcel Fridman from Barcel Group, who served as the broker in the deal. Marcel Fridman represented David Natanov as the seller's representative. Notably, the building was fully vacant at the time of closing. It is worth mentioning that Barcel Group previously sold the property in 2018 for $1,350,000.
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93