Anthony Santorelli Acquires Ridgewood Multifamily From Joseph Kezrie For $1.58M
56-53 Myrtle Avenue
$1,580,000
$587/SF
Building Size
2,688 SF
Asset Type
MultiFamily
Closing
Jun 18, 2024
AI
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.
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
10.04%
Cash-on-Cash
-2.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93