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503 Grandview Avenue

Doris Mosseri Acquires Multifamily Property From Jacob Zicherman In Ridgewood For $1.975M
SOLDMultiFamily

Doris Mosseri Acquires Multifamily Property From Jacob Zicherman In Ridgewood For $1.975M

503 Grandview Avenue

$1,975,000

$658/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Dec 24, 2018

AI

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

Yani Simantov

GFI Realty Services

Broker

$14.5M

vol

5 deals

Broker

Doris Mosseri

Buyer
Buyer

Jacob Zicherman

Seller

$11M

vol

2 deals

Seller

Ridgewood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.03%

Cash-on-Cash

-2.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93