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1726 Summerfield Street

Ji Juang Acquires Multifamily Property In Ridgewood, Queens For $1M
SOLDMultiFamily

Ji Juang Acquires Multifamily Property In Ridgewood, Queens For $1M

1726 Summerfield Street

$1,000,000

$322/SF

Building Size

3,100 SF

Asset Type

MultiFamily

Closing

Jan 1, 2024

AI

The multifamily property located at 1726 Summerfield Street in Ridgewood, Queens has been sold for $1,000,000. The property spans a total of 3,100 square feet, resulting in a price per square foot of $323. The transaction took place on 01/01/2024.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 1726 Summerfield Street, Ridgewood, Queens
  • Square Footage: 3,100
  • Price Per Square Foot: $323

Ji Juang purchased the property from Martina Rincon. Daniel Barcelowsky from Evergreen Realty & Investments represented both the buyer and the seller in this transaction. The property was delivered occupied with tenants. Furthermore, it is worth noting that the price per unit in this multifamily property amounted to $250,000.

Players

Daniel Barcelowsky

Evergreen Realty & Investments

Broker

$83.9M

vol

52 deals

Broker

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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93