Updated Oct 25, 2024
Atlas Realty Group Brokers Sell Ridgewood Multifamily For $4.3M
1721 Putnam Avenue
$4,302,246
$768/SF
Building Size
5,600 SF
Asset Type
MultiFamily
Closing
Aug 31, 2023
About this deal
AI
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
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93