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.
On the Map
$1,800,000
$339/SF
MultiFamily
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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