Anthony Santorelli Acquires Ridgewood Multifamily From Joseph Kezrie For $1.58M
SOLD
$1,580,000
New York
See Similar DealsMultiFamily2,688 SF
Sold
SOLD
Anthony Santorelli Acquires Ridgewood Multifamily From Joseph Kezrie For $1.58M
56-53 Myrtle Avenue
See Similar DealsMultiFamily2,688 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$587
Total Square Footage:2688 SF
Transaction Type:Sale
The multifamily property located at 56-53 Myrtle Avenue in Ridgewood was sold for $1,580,000. This property consists of 3 units spread across 2,688 square feet, resulting in a price per unit of $526,667 and a price per square foot of $588.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,580,000
- Buyer: Anthony Santorelli - TRG Equities
- Seller: Joseph Kezrie
- Broker: Daniel Barcelowsky - Evergreen Realty & Investments
Anthony Santorelli from TRG Equities acquired the property, while Joseph Kezrie served as the seller. The transaction was facilitated by Daniel Barcelowsky from Evergreen Realty & Investments.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,613.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,490.01
Annual Debt Service$89,880.07
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