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181-183 Bergen Tpke

Alexander Anderson Real Estate Group Acquires Ridgefield Park Multifamily For $1.125M
SOLDMultiFamily

Alexander Anderson Real Estate Group Acquires Ridgefield Park Multifamily For $1.125M

181-183 Bergen Tpke

$1,125,000

Units

4

Asset Type

MultiFamily

Closing

Sep 11, 2023

AI

A multifamily property located at 181-183 Bergen Turnpike in Ridgefield Park has been sold for a total price of $1,125,000. The property consists of four units, with a price per unit of $281,250. Adam Sperber of Alexander Anderson Real Estate Group represented the buyer, while Alberto Wells of Lifestyle International Realty represented the seller in this transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,125,000
  • Address: 181-183 Bergen Turnpike, Ridgefield Park
  • Market: Ridgefield Park
  • Units: 4
  • Price Per Unit: $281,250
  • Buyer's Representative: Adam Sperber - Alexander Anderson Real Estate Group
  • Seller's Representative: Alberto Wells - Lifestyle International Realty

This deal was facilitated by Adam Sperber from Alexander Anderson Real Estate Group, who represented the buyer in this transaction. Alberto Wells, on the other hand, acted as the seller's representative and was involved in the sale of this multifamily property. The transaction demonstrates the expertise and professionalism of both brokerage firms in successfully closing this deal.

Players

Adam Sperber

Alexander Anderson Real Estate Group

Broker

$1.1M

vol

1 deal

Broker

Ridgefield Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93