Updated Oct 28, 2024
CBRE Brokers Nat Gambuzza & Spencer Beriont Facilitate $14.3M Sale Of Multifamily Property In Ridgewood, NJ
158-174 Union Street, Ridgewood, NJ, USA
$14,325,000
$28,650/SF
Building Size
500 SF
Asset Type
MultiFamily
Closing
Sep 20, 2021
About this deal
AI
Located at 158-174 Union Street in Ridgewood, NJ, this multifamily property was recently sold in a closed transaction. The property consists of 31 units, with a per unit price of $462,097. The sale took place on September 21, 2021, and the property was sold by 158-174 Union Street LLC.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $14,325,000
- Address: 158-174 Union Street, Ridgewood, NJ
- Market: Ridgewood, NJ
The sale of this property was facilitated by CBRE brokers Nat Gambuzza and Spencer Beriont. They represented both the buyer and seller in the transaction.
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93