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Oren Eli Purchases Ridgewood Multifamily Property At 59-37 69th Avenue For $1.55M

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SOLD
$1,550,000

New York

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MultiFamily3,912 SF
Sold
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Property Image
SOLD

Oren Eli Purchases Ridgewood Multifamily Property At 59-37 69th Avenue For $1.55M

59 37 69th Avenue

See Similar Deals
MultiFamily3,912 SF
Sold
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$396
Total Square Footage:3912 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 59-37 69th Avenue in Ridgewood. The sale price was $1,550,000, comprising 2 units. The total square footage of the property is 3,912, resulting in a price per unit of $775,000 and a price per square foot of $396.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Address: 59-37 69th Avenue
  • Market: Ridgewood
  • Units: 2
  • Square Footage: 3,912
  • Price Per Unit: $775,000
  • Price Per Square Foot: $396

The deal involved buyer Oren Eli and seller Mojse Nika, with representation from Daniel Barcelowsky of Evergreen Realty & Investments for the buyer and Claudette Rolling of Revived Residential representing the seller.

Players

Daniel Barcelowsky
Evergreen Realty & Investments
Daniel Barcelowsky
52 deals$83.9M volume
BROKER
Evergreen Realty & Investments
Evergreen Realty & Investments
BROKERAGE

Details

SOLD
IMAGE: Daniel Barcelowsky DATE: 6/2/2025 ADDRESS: 59-37 69th Avenue MARKET: Ridgewood ASSET TYPE: Multifamily BUYER: Oren Eli SELLER: Mojse Nika BUYER'S REP: Daniel Barcelowsky (@DanielBarcelowsky) - Evergreen Realty & Investments (@EvrgRealty) SELLER'S REP: Claudette Rolling - Revived Residential SALE PRICE: $1,550,000 UNITS: 2 ~ PPU: $775,000 SF: 3,912 ~ PPSF: $396

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
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