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348 Evergreen Place

Christopher DeYoung Acquires Multifamily Property In Ridgewood For $1.115M
SOLDMultiFamily

Christopher DeYoung Acquires Multifamily Property In Ridgewood For $1.115M

348 Evergreen Place

$1,115,000

Units

2

Asset Type

MultiFamily

Closing

Jun 28, 2024

AI

348 Evergreen Place in Ridgewood, a two-family property, sold for $1,115,000. The property features two units with separate utilities, recent upgrades, and is currently partially leased, offering an excellent investment or owner-occupant opportunity close to the train station and downtown.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,115,000
  • Address: 348 Evergreen Place
  • Market: Ridgewood
  • Units: 2
  • Price Per Unit: $557,500

Christopher DeYoung from Keller Williams Village Square Realty represented the buyer in the transaction, while Frank DiCocco and Jan Kwapniewski from Coccia Realty Better Homes & Gardens acted as the seller's representatives.

Players

Jan Kwapniewski

Coccia Realty

Broker

$4.8M

vol

3 deals

Broker

Ridgewood 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

14.23%

Cash-on-Cash

-4.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93