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2018 Palmetto St

Elvira Demirdjan Sells Multifamily Property On Palmetto St In Ridgewood For $1.8M
SOLDMultiFamily

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

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

Andrew Levine

Invictus Property Advisors

Broker

$453.3M

vol

67 deals

Broker

Elvira Demirdjan

Seller
Seller

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