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
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