Doris Mosseri Acquires Multifamily Property From Jacob Zicherman In Ridgewood For $1.975M
SOLD
$1,975,000
New York
See Similar DealsMultiFamily3,000 SF
Sold 12/24/2018
SOLD
Doris Mosseri Acquires Multifamily Property From Jacob Zicherman In Ridgewood For $1.975M
503 Grandview Avenue
See Similar DealsMultiFamily3,000 SF
Sold 12/24/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$658
Total Square Footage:3,000 SF
Transaction Type:Sale
The asset involved in this transaction is a MultiFamily property located at 503 Grandview Avenue in the Ridgewood market. The property was sold for a price of $1,975,000.00 and encompasses a total of 3000.0 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,975,000.00
- Address: 503 Grandview Avenue
- Market: Ridgewood
- Square Footage: 3000.0
- Buyer: Doris Mosseri
- Seller: Jacob Zicherman
- Broker: Yani Simantov
The key individuals involved in this deal are Doris Mosseri, who acted as the buyer of the property, and Jacob Zicherman, the seller. Yani Simantov represented the interests of the buyer in this transaction, facilitating the deal between the involved parties.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09
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