Gil Shenhav Acquires Ridgewood Multifamily For $1.175M
59-16 67th Ave, Flushing, NY 11385, USA
$1,175,000
$31/SF
Building Size
37,100 SF
Asset Type
MultiFamily
Closing
Nov 29, 2018
AI
The multifamily property located at 59-16 67th Avenue in Ridgewood has been sold for a price of $1,175,000. The property spans 3,710 square feet with a price per square foot of $316. It consists of four units, making it an attractive investment opportunity for the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Square Footage: 3,710
- Price Per Square Foot: $316
- Units: 4
- Market: Ridgewood
The seller of the property was David Cooper, while the buyer was Gil Shenhav. The deal was facilitated by the brokers Brian Davila, Steve Reynolds, Tom Reynolds, and Derek Bestreich from BRG_CRE. Their expertise and guidance contributed to the successful completion of the transaction.
Players
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93