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
Ridgewood 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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93