Hudson Atlantic Realty Facilitates $3.6M Sale Of Wood Ridge Multifamily
420 Highland Avenue
$3,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 21, 2024
AI
The multifamily property located at 420 Highland Avenue in Wood Ridge was sold for $3,600,000. The property consists of 19 units, with a price per unit of $189,474.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Units: 19
- Price Per Unit: $189,474
- Address: 420 Highland Avenue
- Market: Wood Ridge
- Brokers: Adam Zweibel & Dante Fusaro - Hudson Atlantic Realty
Adam Zweibel and Dante Fusaro from Hudson Atlantic Realty facilitated the transaction of the multifamily property at 420 Highland Avenue in Wood Ridge. Their expertise and negotiation skills contributed to the successful completion of the deal.
Players
Wood Ridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93