Updated Dec 21, 2023
Bestreich Realty Group Sells Multifamily Property In Ridgewood, Queens For $2.48M
18 Bleecker Street, New York City, New York 10012, United States
$2,480,000
$826/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Apr 12, 2022
About this deal
AI
An multifamily property located at 18-63 Bleecker St. in Ridgewood, Queens has been sold for a price of $2,480,000. The property consists of 4 units, with each unit having a price per unit (PPU) of $620,000. The total square footage of the property is 3,000, resulting in a price per square foot (PPSF) of $826.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,480,000
- Units: 4
- PPU: $620,000
- Square Footage: 3,000
- PPSF: $826
The sale was facilitated by Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Sean Mashihi of Bestreich Realty Group (BRG).
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.40%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93