Updated Dec 19, 2023
Jacob Keheian Acquires Ridgewood Multifamily From Josif Buzangia For $1.65M
2037 Gates Avenue, Queens, New York 11385, United States
$1,650,000
$294/SF
Building Size
5,600 SF
Asset Type
MultiFamily
Closing
Mar 6, 2022
About this deal
AI
The multifamily property located at 2037 Gates in Ridgewood has been sold for a price of $1,650,000. The property consists of 6 units with a price per unit (PPU) of $275,000. The total square footage of the property is 5,600, resulting in a price per square foot (PPSF) of $294.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 6
- PPU: $275,000
- SF: 5,600
- PPSF: $294
Jacob Keheian has purchased the property from Josif Buzangia. The transaction was facilitated by Daniel Barcelowsky from EVRG.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93