Atlas Realty Group Brokers Sell Ridgewood Multifamily For $4.3M
SOLD
$4,302,246
+ 2
New York
See Similar DealsMultiFamily5,600 SF
Sold 08/31/2023
SOLD
Atlas Realty Group Brokers Sell Ridgewood Multifamily For $4.3M
1721 Putnam Avenue
See Similar DealsMultiFamily5,600 SF
Sold 08/31/2023
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$768
Total Square Footage:5,600 SF
Transaction Type:Sale
The multifamily property located at 1721 Putnam Avenue in Ridgewood, Queens has been sold for a total price of $4,302,246. The property consists of 6 units, with an average price per unit of $717,041. It spans across 5,600 square feet, resulting in a price per square foot of $768.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,302,246
- Address: 1721 Putnam Avenue, Ridgewood, Queens
- Market: Ridgewood, Queens
- Units: 6
- Price Per Unit: $717,041
- Square Feet: 5,600
- Price Per Square Foot: $768
The sale of this multifamily property was facilitated by brokers Yosef Katz, Shlomo Antebi, and Erik Yankelovich from Atlas Realty Group. They represented the sellers, Teitelbaum Family and Halberstam Family, in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,453.12
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,284.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,394.84
Annual Debt Service$244,738.09
Is there something missing? Send suggestions