Updated Dec 21, 2023
Goga Vukmirovic Acquires Multifamily Property On Woodbine Street For $3.95M
1702 Woodbine St, Ridgewood, NY 11385, USA
$3,950,000
$366/SF
Building Size
10,780 SF
Asset Type
MultiFamily
Closing
Jul 3, 2019
About this deal
AI
A multifamily property located at 1702 Woodbine Street in Ridgewood/BK has been sold in a closed transaction. The property has a total square footage of 10,780, and was listed with an asking price of $4,400,000. The sale price for the property was negotiated at $3,950,000, resulting in a price per square foot of $366.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Address: 1702 Woodbine Street
- Market: Ridgewood/BK
The seller of the property was Michael Schultz, and the buyer was Goga Vukmirovic. The transaction was facilitated by Shaun Riney, a representative from Marcus & Millichap.
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93