Updated Dec 21, 2023
Yisroel Rosen Acquires Multifamily Property In Ridgewood, Queens For $2.29M
1868 Palmetto Street
$2,290,000
$250/SF
Building Size
9,150 SF
Asset Type
MultiFamily
Closing
Sep 1, 2022
About this deal
AI
A multifamily property located at 18-68 Palmetto Street & 1369 Greene Avenue in Ridgewood, Queens and Bushwick, Brooklyn has been sold for a total price of $2,290,000. The property consists of 12 units with an average price per unit of $190,833. It spans a total of 9,150 square feet, with a price per square foot of $250.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,290,000
- Units: 12
- Average Price Per Unit: $190,833
- Square Footage: 9,150
- Price Per Square Foot: $250
The buyer of the property is Yisroel Rosen, while the seller is Simon Marom. The deal was facilitated by brokers Zachary Fuchs and Moshe Goldberger from GFI Realty.
On the Map
$2,290,000
$250/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.93%
Cash-on-Cash
-1.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93