Updated Apr 3, 2025
Elvira Demirdjan Sells Multifamily Property On Palmetto St In Ridgewood For $1.8M
2018 Palmetto St
$1,800,000
$339/SF
Building Size
5,300 SF
Asset Type
MultiFamily
Closing
Dec 1, 2023
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 2018 Palmetto St in the Ridgewood market. The property has a total square footage of 5,300 and was sold for a price of $1,800,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,800,000.00
- Address: 2018 Palmetto St
- Market: Ridgewood
- Square Footage: 5,300
- Seller: Elvira Demirdjan
- Brokers: Josh Lipton - Invictus, Andrew Levine - Invictus
- Sale Date: 12/01/2023
Representatives involved in the deal were Josh Lipton and Andrew Levine, both from Invictus, who facilitated the transaction for the seller, Elvira Demirdjan.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93