Alex Lebowitz's Partners Path Acquires Ridgewood Multifamily For $3.4M
SOLD
$3,400,000
New York
See Similar DealsMultiFamily5,600 SF
Sold 09/28/2023
SOLD
Alex Lebowitz's Partners Path Acquires Ridgewood Multifamily For $3.4M
MultiFamily5,600 SF
Sold 09/28/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$607
Total Square Footage:5,600 SF
Transaction Type:Sale
A multifamily property located in Ridgewood has recently been sold for a total price of $3,400,000. The property consists of 6 units with an average price per unit of approximately $566,667. The total square footage of the property is 5,600, resulting in a price per square foot of $607.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Units: 6
- Price per Unit: $566,667
- Square Footage: 5,600
- Price per Square Foot: $607
- Market: Ridgewood
Alex Lebowitz, representing Partners Path, acted as the buyer in this transaction. Marcel Fridman from Barcel Group served as the broker. Their expertise and involvement contributed to the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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