Updated Oct 29, 2024
Jane Capital Acquires Ridgewood Multifamily For $1.27M
424 Menahan Street, Ridgewood, NY, USA
$1,270,000
$393/SF
Building Size
3,228 SF
Asset Type
MultiFamily
Closing
Mar 28, 2019
About this deal
AI
Located at 424 Menahan St in Ridgewood, Queens, this multifamily property was recently sold for $1,270,000. With a total square footage of 3,228, the price per square foot for this property comes out to $394. The sale took place on March 29, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,270,000
- Address: 424 Menahan St
- Market: Ridgewood, Queens
The seller of this property was Maria Bonet, while Jane Capital, represented by Laurent & Kevin Wendum, acted as the buyer. The deal was facilitated by broker Saul Tejada from Exit Kingdom Realty.
Players
New York 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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93