Updated Dec 21, 2023
Cristina Circu Acquires Ridgewood Multifamily From Alois Lackner For $1.3M
19-16 Gates Ave, Flushing, NY 11385, USA
$1,300,000
$472/SF
Building Size
2,750 SF
Asset Type
MultiFamily
Closing
Oct 28, 2019
About this deal
AI
The multifamily property located at 19-16 Gates Avenue in Ridgewood was recently sold in a closed transaction. The property spans across 2,750 square feet and was sold at a price of $1,300,000, resulting in a price per square foot of $472.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,300,000
- Square Footage: 2,750
- Price Per Square Foot: $472
- Market: Ridgewood
Bestreich Realty Group represented the seller, Alois Lackner, and the buyer, Cristina Circu, in this transaction. Steve Reynolds and Brian Davila from Bestreich Realty Group facilitated the deal as the brokers.
Players
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93