Young Star Realty Represents Buyer In $1.03M Sale Of Multifamily Property
348 Teaneck Road
$1,030,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 10, 2024
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.
Players
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