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56-53 Myrtle Avenue

Anthony Santorelli Acquires Ridgewood Multifamily From Joseph Kezrie For $1.58M
SOLDMultiFamily

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:

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.

Players

Daniel Barcelowsky

Evergreen Realty & Investments

Broker

$83.9M

vol

52 deals

Broker

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