Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,000,000
$322/SF
MultiFamily
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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