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420 Highland Avenue

Hudson Atlantic Realty Facilitates $3.6M Sale Of Wood Ridge Multifamily
SOLDMultiFamily

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:

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

Adam Zweibel

Hudson Atlantic Realty

Broker

$404.6M

vol

27 deals

Broker

Wood Ridge 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93