Updated Dec 4, 2024
Young Star Realty Represents Buyer In $1.03M Sale Of Multifamily Property
348 Teaneck Road
$1,030,000
Units
2
Asset Type
MultiFamily
Closing
Jun 10, 2024
About this deal
AI
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.
On the Map
$1,030,000
MultiFamily
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Ridgefield Park 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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93