Updated Sep 5, 2024
Kurre Family Acquires 12-Unit Ridgewood Multifamily For $2.15M
17-31 Cornelia Street
$2,150,000
$277/SF
Building Size
7,744 SF
Asset Type
MultiFamily
Closing
Jul 26, 2022
About this deal
AI
The multifamily property located at 17-31 Cornelia St. in Ridgewood has been sold for a price of $2,150,000. The property consists of 12 units, with a per unit price of $179,166. It spans a total area of 7,744 square feet, resulting in a price per square foot of $277.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Units: 12
- Price Per Unit: $179,166
- Total Square Feet: 7,744
- Price Per Square Foot: $277
The buyer in this transaction is the Kurre Family, while the seller is the Moschitta Family. Representing the seller are Kevin Schmitz, Andreas Efthymiou, Stephen R. Preuss Sr., and Kevin Louie from Ripco Investment Sales.
Players
London MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Schmitz to view all their deals.
Browse London multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93