Updated Dec 4, 2024
Ridgefield Multifamily Sold For $1.205M With Rosa Santos As Buyer's Rep And Stephen Braconi As Seller's Rep
384 Chestnut Street
$1,205,000
Units
2
Asset Type
MultiFamily
Closing
Aug 5, 2024
About this deal
AI
A two-family home located at 384 Chestnut Street in Ridgefield sold for $1,205,000. The property features a duplex-style unit that includes 3 bedrooms and 2.5 baths, as well as a top-floor unit with 3 bedrooms and 2 full baths. Each unit is equipped with hardwood floors and separate utilities, contributing to its appeal in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,205,000
- Units: 2
- Price Per Unit: $602,500
- Buyer's Representative: Rosa Santos - Global Real Estate
- Seller's Representative: Stephen Braconi - Christie's International Real Estate
This transaction highlights the collaboration between Rosa Santos and Stephen Braconi as representatives for the buyer and seller, respectively, ensuring the deal was facilitated smoothly within the multifamily market sector.
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
13.16%
Cash-on-Cash
-3.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93