Daniel Barcelowsky Acquires Ridgewood Multifamily For $1.5M With Buyer's Rep David R. Lachtman
73-02 Forest Avenue, Queens, New York 11385, United States
$1,500,000
$416/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
May 25, 2022
AI
An multifamily property located at 73-02 Forest Ave in Ridgewood was recently sold. The property spans approximately 3,600 square feet and was sold for a total price of $1,500,000, resulting in a price per square foot of $416.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 73-02 Forest Ave
- Market: Ridgewood
The buyer's representative in this transaction was Daniel Barcelowsky from Evergreen Realty & Investments. The buyer was advised by David R. Lachtman from Lachtman Cohen P.C.
Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93