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
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