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9-27 Onderdonk Avenue, Quee...

Natanov Family Acquires Ridgewood Multifamily For $1.51M With Marcel Fridman & Jonathan Bichoupan
SOLDMultiFamily

Natanov Family Acquires Ridgewood Multifamily For $1.51M With Marcel Fridman & Jonathan Bichoupan

9-27 Onderdonk Avenue, Queens, New York 11385, United States

$1,510,000

$457/SF

Building Size

3,300 SF

Asset Type

MultiFamily

Closing

Apr 13, 2022

AI

A multifamily property located at 9-27 Onderdonk Ave in Ridgewood has been sold for $1,510,000. The property consists of five units with a total square footage of 3,300. The price per unit was $302,000, and the price per square foot was $457. The transaction took place on April 14, 2022, with the buyer being the Natanov Family and the seller being the Bogden Family.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,510,000
  • Units: 5
  • Price Per Unit: $302,000
  • Square Footage: 3,300
  • Price Per Square Foot: $457

The buyer was represented by Marcel Fridman from Barcel Group, while the seller was represented by Jonathan Bichoupan from Westbridge.

Players

Jonathan Bichoupan

Westbridge Realty Group

Broker

$29.9M

vol

9 deals

Broker

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

10.51%

Cash-on-Cash

-3.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93