Austin Deraff Acquires Multifamily Asset From Ben Taburg For $2.6M In Ridgefield Park
SOLD
$2,600,000
New Jersey
See Similar DealsMultiFamily8,000 SF
Sold 12/03/2024
SOLD
Austin Deraff Acquires Multifamily Asset From Ben Taburg For $2.6M In Ridgefield Park
17 Teaneck Road
See Similar DealsMultiFamily8,000 SF
Sold 12/03/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$325
Total Square Footage:8,000 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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