Updated Sep 9, 2024
Darrin Chandler Jr. Facilitates $1.25M Multifamily Sale In North Bergen, NJ
26 Bergen Ridge Road, North Bergen, New Jersey 07047, United States
$1,250,000
Units
3
Asset Type
MultiFamily
Closing
Feb 7, 2022
About this deal
AI
The multifamily property located at 26 Bergen Ridge Rd in North Bergen, NJ has been sold for a price of $1,250,000. The transaction took place on February 8, 2022. The property consists of 3 units, resulting in a price per unit (PPU) of $416,667. The sale was facilitated by Darrin Chandler Jr. of Keller Williams City Views Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 3
- Price Per Unit: $416,667
Darrin Chandler Jr. from Keller Williams City Views Realty represented the parties involved in this sale. Their expertise and guidance played a crucial role in the successful completion of the transaction.
North Bergen 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93