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474 Walnut Street

Jennifer Noh & Anne Lee Facilitate $1.4M Ridgefield Multifamily Sale
SOLDMultiFamily

Jennifer Noh & Anne Lee Facilitate $1.4M Ridgefield Multifamily Sale

474 Walnut Street

$1,400,000

Building Size

Asset Type

MultiFamily

Closing

Apr 19, 2024

AI

474 Walnut Street, a multifamily property located in Ridgefield, was sold for $1,400,000. This 2-unit property achieved a price per unit of $700,000 in the transaction.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Address: 474 Walnut Street
  • Market: Ridgefield
  • Units: 2
  • Price Per Unit: $700,000

The deal involved Jennifer Noh from Realty 7 representing the buyer, and Anne Lee from Prominent Properties Sotheby's International Realty representing the seller.

Players

Anne Lee

Sotheby's International Realty

Broker

$1.4M

vol

1 deal

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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93