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1882 Greene Avenue, Ridgewo...

Aryeh Mendlowic Acquires Multifamily Property On Greene Avenue In Ridgewood, Queens
SOLDMultiFamily

Aryeh Mendlowic Acquires Multifamily Property On Greene Avenue In Ridgewood, Queens

1882 Greene Avenue, Ridgewood, NY 11385, USA

$1,190,000

$432/SF

Building Size

2,750 SF

Asset Type

MultiFamily

Closing

Jan 21, 2019

AI

The multifamily property located at 1882 Greene Avenue in Ridgewood, Queens, was recently sold for $1,190,000. The sale took place on January 22, 2019. The property spans a total area of 2,750 square feet, resulting in a price per square foot of $432.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,190,000
  • Market: Ridgewood, Queens
  • Property Address: 1882 Greene Avenue
  • Property Size: 2,750 square feet
  • Price Per Square Foot: $432
  • Seller: Margaret Rivera
  • Buyer: Aryeh Mendlowic

The broker involved in the deal was Elli Khafizov from AssetCRG. Elli represented both the seller, Margaret Rivera, and the buyer, Aryeh Mendlowic. Notably, this was Elli's second closing of 2019!

Players

Elli Khafizov

Atlas Realty Group

Broker

$52.4M

vol

11 deals

Broker

Aryeh Mendlowic

Buyer

$1.2M

vol

2 deals

Buyer

New York 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

13.33%

Cash-on-Cash

-3.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93