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
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