Updated Oct 29, 2024
Partners Path Acquires Ridgewood Multi-Family For $1.68M
17-13 Himrod Street
$1,685,000
$341/SF
Building Size
4,940 SF
Asset Type
MultiFamily
Closing
Mar 1, 2023
About this deal
AI
A multifamily property located at 17-13 Himrod Street in Ridgewood has been sold. The property consists of 6 units with a total square footage of 4,940. The sale price for the property was $1,685,000, resulting in a price per unit of $280,833. The price per square foot was $341, and the capitalization rate for the property was 6.48%.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,685,000
- Address: 17-13 Himrod Street, Ridgewood
- Number of Units: 6
- Price per Unit: $280,833
- Total Square Footage: 4,940
- Price per Square Foot: $341
- Capitalization Rate: 6.48%
The buyer of the property was Partners Path. The sale was facilitated by brokers Shaun Riney, Michael Salvatico, and Samuel Leppo from Marcus & Millichap.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.41%
Cash-on-Cash
-2.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93