facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

60 23 Woodbine Street

Tim Shutsky Purchases Multifamily Property From Shuk Han Chan For $1.7 Million With Daniel Barcelowsky As Buyer's Rep
SOLDMultiFamily

Tim Shutsky Purchases Multifamily Property From Shuk Han Chan For $1.7 Million With Daniel Barcelowsky As Buyer's Rep

60 23 Woodbine Street

$1,700,000

$726/SF

Building Size

2,340 SF

Asset Type

MultiFamily

Closing

Jul 30, 2025

AI

The property asset involved in this transaction is a multifamily unit located at 60-23 Woodbine Street in the Ridgewood market. It was sold for a price of $1,700,000. The asset consists of 2 units, offering a price per unit of $850,000. The total square footage of the property is 2,340, resulting in a price per square foot of $726.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Units: 2
  • Price Per Unit: $850,000
  • Square Footage: 2,340
  • Price Per Square Foot: $726
  • Buyer: Tim Shutsky
  • Seller: Shuk Han Chan
  • Buyer's Representative: Daniel Barcelowsky - Evergreen Realty & Investments

This transaction highlights the key players, with Tim Shutsky acting as the buyer and Shuk Han Chan serving as the seller. Daniel Barcelowsky from Evergreen Realty & Investments represents Tim Shutsky in the transaction.

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

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93