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60-13 Putnam Ave, Ridgewood...

Justin Homapour's CROWN Investments Sells 2-Family Townhouse In Ridgewood For $1.4M
SOLDMultiFamily

Justin Homapour's CROWN Investments Sells 2-Family Townhouse In Ridgewood For $1.4M

60-13 Putnam Ave, Ridgewood, Queens County, NY, USA

$1,425,000

$516/SF

Building Size

2,760 SF

Asset Type

MultiFamily

Closing

Sep 16, 1920

AI

A 2-Family Landmarked Townhouse located at 60-13 Putnam Ave in Ridgewood, Queens was recently sold for $1,425,000. The property spans an area of 2,760 square feet and has a price per square foot of $516. It features a total building square footage of 2,358, resulting in a price per building square foot of $604. The sale took place on September 17, 2020, and the buyers were Kirstin and Joseph Beach.

Summary of transaction details:

  • Property Type: 2-Family Landmarked Townhouse
  • Transaction Amount: $1,425,000
  • Square Footage: 2,760
  • Price Per Square Foot: $516
  • Building Square Footage: 2,358
  • Price Per Building Square Foot: $604
  • Date: September 17, 2020
  • Address: 60-13 Putnam Ave, Ridgewood, Queens

The seller of the property was CROWN Investments, represented by Justin Homapour. On the other hand, the buyers were Kirstin and Joseph Beach. The deal was facilitated by Jeff Gardner of The Corcoran Group, who acted as the broker in the transaction.

Notably, Justin Homapour, the representative of CROWN Investments, is known for being one of the most active cash buyers of 1-8 family dwellings in the NY Metro area. He has acquired over 100 properties in need of renovation or redevelopment since 2011. For more information or to submit deals, you can reach out directly to Homapour via email at [email protected] or contact him at 516-770-4297.

Players

Jeff Gardner

The Corcoran Group

Broker

$1.4M

vol

1 deal

Broker
Justin Homapour

Justin Homapour

CROWN Investments

Seller

$16.2M

vol

8 deals

Seller

New York 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

11.13%

Cash-on-Cash

-3.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93