Chen Rong Qing Acquires Ridgewood Multifamily For $1.25M With Buyer's Rep Andrew Vidokle - Compass
SOLD
$1,250,000
New York
See Similar DealsMultiFamily2,200 SF
Sold 10/18/2023
SOLD
Chen Rong Qing Acquires Ridgewood Multifamily For $1.25M With Buyer's Rep Andrew Vidokle - Compass
1833 Norman Street
See Similar DealsMultiFamily2,200 SF
Sold 10/18/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$568
Total Square Footage:2,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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