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
Ridgewood 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
14.23%
Cash-on-Cash
-4.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93