Alex Lebowitz's Partners Path Acquires Ridgewood Multifamily For $3.4M
$3,400,000
$607/SF
Building Size
5,600 SF
Asset Type
MultiFamily
Closing
Sep 28, 2023
AI
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.
Players
Ridgewood 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93