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17 Teaneck Road

Austin Deraff Acquires Multifamily Asset From Ben Taburg For $2.6M In Ridgefield Park
SOLDMultiFamily

Austin Deraff Acquires Multifamily Asset From Ben Taburg For $2.6M In Ridgefield Park

17 Teaneck Road

$2,600,000

$325/SF

Building Size

8,000 SF

Asset Type

MultiFamily

Closing

Dec 3, 2024

AI

The property asset involved in this transaction is a multifamily building located at 17 Teaneck Road in Ridgefield Park. The sale price was $2,600,000 for a total square footage of 8,000, equating to a price per square foot of $325.

Summary of transaction details:

The key individuals involved in the transaction include the buyer, Austin Deraff, and the seller, Ben Taburg. The brokerage representation included Joseph Spinella and Joseph Domenech from KW Commercial, along with Henry Eisenstein from EXP Realty. The transaction occurred on 12/03/2024.

NOTE: Joseph Spinella (732-546-7501) Director of Commercial Real Estate KW Please reach out if you need Commercial Real Estate assistance!

Players

Joseph Spinella

Keller Williams Realty

Broker

$55.7M

vol

24 deals

Broker

Ridgefield Park 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93