RE/MAX Signature Homes Represents Buyer In $1.5M Ridgefield Multifamily Acquisition
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 06/15/2022
SOLD
RE/MAX Signature Homes Represents Buyer In $1.5M Ridgefield Multifamily Acquisition
499 Sunset Terrace, Ridgefield, New Jersey 07657, United States
See Similar DealsMultiFamily
Sold 06/15/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 499 Sunset Ter in Ridgefield has been sold for $1,500,000. The property consists of 2 units, with a price per unit of $750,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 2
- Price Per Unit: $750,000
Claudia Buttenhoff from RE/MAX Signature Homes represented the buyer in this transaction, while Deborah C. Felder from Coldwell Banker represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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