Updated Dec 21, 2023
Mendola Calgero Sells Ridgewood Multifamily For $1.245M With Daniel Barcelowsky - EVRG
67-11 Forest Avenue, Queens, New York 11385, United States
$1,245,000
$366/SF
Building Size
3,400 SF
Asset Type
MultiFamily
Closing
Jan 2, 2022
About this deal
AI
A multifamily property located at 6711 Forest in Ridgewood was recently sold for a price of $1,245,000. The property consists of four units with an average price per unit of $311,250. It spans a total area of 3,400 square feet, resulting in a price per square foot of $366.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,245,000
- Address: 6711 Forest, Ridgewood
- Market: Ridgewood
- Units: 4
- Price per Unit: $311,250
- Square Footage: 3,400
- Price per Square Foot: $366
The seller of the property was Mendola Calgero. The transaction was facilitated by Daniel Barcelowsky from EVRG.
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.74%
Cash-on-Cash
-3.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93