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

Property Image
SOLD
$1,375,000
Ryan D'Errico
Woo Park

New Jersey

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MultiFamily5,500 SF
Sold 07/23/2020
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Property Image
SOLD

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

360 Abbott Avenue, Ridgefield, NJ 07657, USA

See Similar Deals
MultiFamily5,500 SF
Sold 07/23/2020
Ryan D'Errico
Woo Park
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$250
Total Square Footage:5,500 SF
Transaction Type:Sale

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
Woo Park
2 deals$2.4M volume(201) 981-8872
BROKER
Ryan D'Errico
Century 21
Ryan D'Errico
1 deal$1.4M volume
BROKER

Details

SOLD
IMAGE: Ryan D'Errico DATE: 07/23/2021 ADDRESS: 360 Abbott Ave MARKET: Ridgefield, NJ ASSET TYPE: Multifamily BUYER'S REP: Woo Park - Top Realty SELLER'S REP: Ryan D'Errico - Century 21 Calabrese Realty-Palisade Ave SALE PRICE: $1,375,000 UNITS: 2 ~ PPU: $687,500 SF: 5500 ~ PPSF: $250

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,885.10
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