Updated Dec 20, 2023
RE/MAX Signature Homes Represents Buyer In $1.5M Ridgefield Multifamily Acquisition
499 Sunset Terrace, Ridgefield, New Jersey 07657, United States
$1,500,000
Units
2
Asset Type
MultiFamily
Closing
Jun 14, 2022
About this deal
AI
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.
The multifamily sale at 499 Sunset Terrace, Ridgefield, New Jersey 07657, United States in Ridgefield, New Jersey sold for $1.5M in 2022. Reported inventory is 2 units across 2 units. Deborah C. Felder, Claudia Buttenhoff, Coldwell Banker, Re/Max appear on the sale alongside Coldwell Banker, Re/Max. This page is the Ridgefield, New Jersey file for the 499 Sunset Terrace, Ridgefield, New Jersey 07657, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Ridgefield sit in the Market section below. Filter that Ridgefield multifamily set by closing date to see what else sold near 499 Sunset Terrace, Ridgefield, New Jersey 07657, United States around 2022. Published consideration for 499 Sunset Terrace, Ridgefield, New Jersey 07657, United States is $1.5M, dated 2022. Cite this RE/MAX Signature Homes Represents Buyer In $1.5M Ridgefield Multifamily Acquisition sale when underwriting similar multifamily product around Ridgefield, New Jersey.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93