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1833 Norman Street

Chen Rong Qing Acquires Ridgewood Multifamily For $1.25M With Buyer's Rep Andrew Vidokle - Compass
SOLDMultiFamily

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

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93