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863 Woodward Avenue

Walter Golezweski Buys Multifamily Property In Ridgewood, Queens For $1.675M
SOLDMultiFamily

Walter Golezweski Buys Multifamily Property In Ridgewood, Queens For $1.675M

863 Woodward Avenue

$1,675,000

$492/SF

Building Size

3,400 SF

Asset Type

MultiFamily

Closing

May 30, 2024

AI

The multifamily property located at 863 Woodward Avenue in Ridgewood, Queens, was sold for $1,675,000. The property consists of 4 units with a total square footage of 3,400, resulting in a price per unit of $418,750 and a price per square foot of $493.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,675,000
  • Buyer: Walter Golezweski
  • Seller: Yunion Bei Godokaisha
  • Broker: Jeff Valcourt - Compass
  • Units: 4
  • SF: 3,400
  • PPU: $418,750
  • PPSF: $493
  • Market: Ridgewood, Queens

The transaction was facilitated by Jeff Valcourt from Compass. The property was fully occupied at the time of sale, and Jeff Valcourt also mentioned the availability of other off-market value-add opportunities throughout North Brooklyn. For further information, interested parties can contact Jeff Valcourt at Jeff.Valcourt@Compass.com.

Players

Jeff Valcourt

Compass

Broker

$13.9M

vol

6 deals

Broker

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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93