Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 662 Edgewater Avenue in Ridgefield, New Jersey sold for $1.1M in 2024. 662 Edgewater Avenue is classified as Multifamily on Traded. Vincent Lee, George Mihalakis, Coldwell Banker, Realty 7 appear on the sale alongside Coldwell Banker, Realty 7. This page is the Ridgefield, New Jersey file for the 662 Edgewater Avenue 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 662 Edgewater Avenue around 2024. Published consideration for 662 Edgewater Avenue is $1.1M, dated 2024. Cite this George Mihalakis Of Coldwell Banker Buys Multifamily Property In Ridgefield For $1.13M As Buyer's Rep 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
14.04%
Cash-on-Cash
-4.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93