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Christopher DeYoung Acquires Multifamily Property In Ridgewood For $1.115M

Property Image
SOLD
$1,115,000
Jan Kwapniewski
Frank DiCocco
Christopher DeYoung

New Jersey

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MultiFamily
Sold 06/28/2024
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Property Image
SOLD

Christopher DeYoung Acquires Multifamily Property In Ridgewood For $1.115M

348 Evergreen Place

See Similar Deals
MultiFamily
Sold 06/28/2024
Jan Kwapniewski
Frank DiCocco
Christopher DeYoung
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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
Jan Kwapniewski
3 deals$4.8M volume(800) 997-9704
BROKER
Frank DiCocco
Better Homes and Gardens Real Estate
Frank DiCocco
1 deal$1.1M volume(201) 939-0001
BROKER
Christopher DeYoung
Keller Williams Realty
Christopher DeYoung
1 deal$1.1M volume(917) 685-9092
BROKER

Details

SOLD
IMAGE: Christopher DeYoung, Frank DiCocco & Jan Kwapniewski DATE: 06/28/2024 ADDRESS: 348 Evergreen Place MARKET: Ridgewood ASSET TYPE: Multifamily BUYER'S REP: Christopher DeYoung - Keller Williams Village Square Realty (@KWVillageSquare) SELLER'S REP: Frank DiCocco (@FDiCocco) & Jan Kwapniewski (@JKwap) - Coccia Realty Better Homes & Gardens SALE PRICE: $1,115,000 UNITS: 2 ~ PPU: $557,500 NOTE: 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.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,961.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,285.67
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