SOLDMultiFamily
George Mihalakis Of Coldwell Banker Buys Multifamily Property In Ridgefield For $1.13M As Buyer's Rep
662 Edgewater Avenue
$1,130,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 15, 2024
AI
In Ridgefield, a multifamily property situated at 662 Edgewater Avenue was sold for $1,130,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,130,000
- Address: 662 Edgewater Avenue
- Market: Ridgefield
George Mihalakis from Coldwell Banker represented the buyer, while Vincent Lee from Realty 7 LLC represented the seller in the sale of the property.
Players
Ridgefield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.04%
Cash-on-Cash
-4.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93