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59 29 Myrtle Avenue

Updated Feb 24, 2025

Anthony Santorelli Of TRG Equities Purchases MultiFamily Property In Ridgewood For $5.3M
SOLDMultiFamily

Anthony Santorelli Of TRG Equities Purchases MultiFamily Property In Ridgewood For $5.3M

59 29 Myrtle Avenue

$5,300,000

$441/SF

Building Size

12,000 SF

Asset Type

MultiFamily

Closing

Feb 6, 2025

About this deal

AI

The transaction involves a multi-family property located at 59-29, 59-35, 59-37 & 59-39 Myrtle Avenue in Ridgewood. The asset comprises 11 units and encompasses a total square footage of 12,000. The sale price was recorded at $5,300,000, with a per unit price of $481,818 and a price per square foot of $441.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $5,300,000
  • Units: 11
  • Square Footage: 12,000
  • Price Per Unit: $481,818
  • Price Per Square Foot: $441
  • Buyer: Anthony Santorelli - TRG Equities
  • Seller: AMS Acquisitions
  • Transaction Date: 02/06/2025

The key individuals involved in this transaction include Anthony Santorelli, who represents TRG Equities as the buyer, and the seller represented by AMS Acquisitions. This deal marks a significant transaction within the Ridgewood market, showcasing active participation from both parties in a competitive multi-family sector.

Players

Ridgewood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $441 per square foot on a published $5.3M for 12,000 square feet (2025).

Browse Ridgewood multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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