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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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