Updated Dec 19, 2023
Cosmo Realty, Inc. Sells Multifamily Property In Ridgefield, NJ For $1.3M
487 Martling Pl, Ridgefield, NJ, USA
$1,300,000
$170/SF
Building Size
7,606 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
About this deal
AI
A multifamily property located at 487 Martling Pl in Ridgefield, NJ has recently been sold. The sale was facilitated by Mun Hong Lee from Cosmo Realty, Inc. The transaction took place on 10/28/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 2
- Price Per Unit: $650,000
The multifamily property at 487 Martling Pl offers a great investment opportunity. With a sale price of $1,300,000 and two units available, the price per unit comes to $650,000. The property is situated in Ridgefield, NJ, in a desirable market.
Mun Hong Lee from Cosmo Realty, Inc. played a crucial role as the broker representing the buyer and seller in this transaction. Their expertise and negotiation skills helped facilitate the successful sale of the property.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93