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Michele Miltzer Acquires Multifamily Property In Ridgewood For $1.6M With Broker Daniel Barcelowsky

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SOLD
$1,600,000

New York

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MultiFamily2,376 SF
Sold
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Property Image
SOLD

Michele Miltzer Acquires Multifamily Property In Ridgewood For $1.6M With Broker Daniel Barcelowsky

59 45 Palmetto Street

See Similar Deals
MultiFamily2,376 SF
Sold
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$673
Total Square Footage:2376 SF
Transaction Type:Sale

The property involved in this transaction is a multi-family asset located at 59-45 Palmetto Street in Ridgewood. The sale concluded at a price of $1,600,000, encompassing a total of 2 units and offering a square footage of 2,376. The price per unit amounts to $800,000, while the price per square foot is calculated at $673.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,600,000
  • Units: 2
  • Price Per Unit: $800,000
  • Square Footage: 2,376
  • Price Per Square Foot: $673
  • Buyer: Michele Miltzer
  • Seller: Steven Bandora
  • Buyer's Representative: Daniel Barcelowsky - Evergreen Realty & Investments

Daniel Barcelowsky from Evergreen Realty & Investments represented the buyer, Michele Miltzer, in this transaction, while Steven Bandora served as the seller of the property. This transaction reflects the professional involvement of the brokerage in facilitating the sale.

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: 7/2/2025 ADDRESS: 59-45 Palmetto Street MARKET: Ridgewood ASSET TYPE: MultiFamily BUYER: Michele Miltzer SELLER: Steven Bandora BUYER'S REP: Daniel Barcelowsky (@DanielBarcelowsky) - Evergreen Realty & Investments (@EvrgRealty) SALE PRICE: $1,600,000 UNITS: 2 ~ PPU: $800,000 SF: 2,376 ~ PPSF: $673

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80