Northeast Private Client Group Brokers Sell Mixed-Use Property In Ridgefield, CT For $3.03M
SOLD
$3,025,000
Connecticut
See Similar DealsMixed-use
Sold 01/27/2023
SOLD
Northeast Private Client Group Brokers Sell Mixed-Use Property In Ridgefield, CT For $3.03M
20 West Lane, Ridgefield, Connecticut 06877, United States
See Similar DealsMixed-use
Sold 01/27/2023
Summary
CONNECTICUT
Asset Type:Mixed-use
Transaction Type:Sale
Located at 20 West Ln in Ridgefield, CT, this recently closed transaction involved a mixed-use property. The property was sold for a price of $3,025,000.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $3,025,000
- Brokers: Rich Edwards, Jeff Wright, Brad Balletto & Patrick Hegarty - Northeast Private Client Group
Rich Edwards, Jeff Wright, Brad Balletto, and Patrick Hegarty from the Northeast Private Client Group were the brokers involved in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$161,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,747.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,340.04
Annual Debt Service$172,080.52
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