Updated Sep 9, 2024
Halo Realty Represents Buyer In $1.6M Ridgefield Multifamily Sale
572 Sketch Place, Ridgefield, New Jersey 07657, United States
$1,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 5, 2022
About this deal
AI
The multifamily property located at 572 Sketch Pl in Ridgefield has been sold for a price of $1,600,000. The transaction took place on 06/06/2022. The property is situated in a desirable market, making it an attractive investment opportunity.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 572 Sketch Pl
- Market: Ridgefield
Lara Hicks from Halo Realty represented the buyer in this transaction, while Emilia Freitag from Keller Williams City Views Realty represented the seller. Both agents played vital roles in ensuring a successful deal.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93