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59 45 Palmetto Street

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

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

59 45 Palmetto Street

$1,600,000

$673/SF

Building Size

2,376 SF

Asset Type

MultiFamily

Closing

Jul 1, 2025

AI

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

Broker

$83.9M

vol

52 deals

Broker
Evergreen Realty & Investments
Evergreen Realty & InvestmentsBrokerage

Ridgewood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93