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59-16 67th Ave, Flushing, N...

Gil Shenhav Acquires Ridgewood Multifamily For $1.175M
SOLDMultiFamily

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

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$285M

vol

109 deals

Broker

Gil Shenhav

Buyer

$1.2M

vol

3 deals

Buyer

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