Updated Dec 21, 2023
CBRE Brokers Complete $9.5M Multifamily Sale In North Arlington
235-241 Ridge Rd, North Arlington, New Jersey 07031, United States
$9,525,000
Units
30
Asset Type
MultiFamily
Closing
Apr 18, 2022
About this deal
AI
A multifamily property located at 235 & 241 Ridge Rd in North Arlington has been sold for a total of $9,525,000. The transaction took place on April 19, 2022, and the property consists of 30 units. The price per unit was approximately $317,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,525,000
- Units: 30
- Price per Unit: $317,500
- Date: 04/19/2022
- Address: 235 & 241 Ridge Rd, North Arlington
The sale of this multifamily property was facilitated by a team of brokers from CBRE. The brokers involved in the transaction were Trevor Fiebel, Timothy Blashford, Michael O'Rielly, Brian Antognini, Nat Gambuzza, and Spencer Beriont.
On the Map
$9,525,000
MultiFamily
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Players
North Arlington 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93