Woo Park Acquires Multifamily In Ridgefield, NJ For $1.375M
360 Abbott Avenue, Ridgefield, NJ 07657, USA
$1,375,000
$250/SF
Building Size
5,500 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
AI
A multifamily property located at 360 Abbott Ave in Ridgefield, NJ recently changed hands in a sale transaction. The property consists of 2 units with a total of 5,500 square feet. The sale price for this transaction was recorded at $1,375,000, resulting in a per unit price of $687,500. The price per square foot was calculated at $250.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Address: 360 Abbott Ave
- Market: Ridgefield, NJ
Woo Park from Top Realty represented the buyer in this transaction, while Ryan D'Errico from Century 21 Calabrese Realty-Palisade Ave acted as the seller's representative. Both parties played crucial roles in facilitating the successful completion of this deal.
Players
Ridgefield 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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93