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Young Star Realty Represents Buyer In $1.03M Sale Of Multifamily Property

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SOLD
$1,030,000

New Jersey

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MultiFamily
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Property Image
SOLD

Young Star Realty Represents Buyer In $1.03M Sale Of Multifamily Property

348 Teaneck Road

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MultiFamily
Sold
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The two-unit multifamily property located at 348 Teaneck Road in Ridgefield Park was sold for $1,030,000. The property, built in 1979, features two 3-bedroom, 2-bath units with hardwood floors, an updated kitchen, a ground floor studio with a separate entrance, a large backyard, and an attached 2-car garage.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,030,000
  • Units: 2
  • Price Per Unit: $515,000
  • Acres: 0.28
  • Address: 348 Teaneck Road
  • Market: Ridgefield Park

Helen Yang of Young Star Realty represented the buyer in the transaction, while Woo Park of Top Realty served as the seller's representative.

Players

2 deals$2.4M volume(201) 981-8872
BROKER

HY
1 deal$1M volume(917) 880-5700
BROKER

Details

SOLD
IMAGE: Woo Park DATE: 06/10/2024 ADDRESS: 348 Teaneck Road MARKET: Ridgefield Park ASSET TYPE: Multifamily ~ ACRES: 0.28 BUYER'S REP: Helen Yang - Young Star Realty SELLER'S REP: Woo Park - Top Realty SALE PRICE: $1,030,000 UNITS: 2 ~ PPU: $515,000 NOTE: Helen Yang of Young Star Realty represented the buyer in the $1.03 million sale of a two-unit multifamily property at 348 Teaneck Road in Ridgefield Park, brokered by Woo Park of Top Realty. Built in 1979, the property includes two 3-bedroom, 2-bath units with hardwood floors, an updated kitchen, a ground floor studio with a separate entrance, a large backyard, and an attached 2-car garage.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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