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:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 17 Teaneck Road
- Market: Ridgefield Park
- Square Footage: 8,000
- Price per Square Foot: $325
- Buyer: Austin Deraff
- Seller: Ben Taburg
- Brokers: Joseph Spinella & Joseph Domenech - KW Commercial; Henry Eisenstein - EXP Realty
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
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