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360 Abbott Avenue, Ridgefie...

Woo Park Acquires Multifamily In Ridgefield, NJ For $1.375M
SOLDMultiFamily

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

Woo Park

Broker

$2.4M

vol

2 deals

Broker

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