Chen Rong Qing Acquires Ridgewood Multifamily For $1.25M With Buyer's Rep Andrew Vidokle - Compass
1833 Norman Street
$1,250,000
$568/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Oct 18, 2023
AI
A multifamily property located at 1833 Norman Street in Ridgewood, Queens has been sold for a price of $1,250,000. The property consists of two units with a price per unit (PPU) of $625,000. The total square footage of the property is 2,200, resulting in a price per square foot (PPSF) of $568.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 1833 Norman Street
- Market: Ridgewood, Queens
- Units: 2
- PPU: $625,000
- SF: 2,200
- PPSF: $568
The buyer of the property is Chen Rong Qing, while the seller is Stan Bukoski. Andrew Vidokle from Compass represented Chen Rong Qing as the buyer's representative. On the other hand, Daniel Barcelowsky from Evergreen Realty & Investments served as Stan Bukoski's representative in the deal.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93