Musleh Acquires Multifamily Property In Ridgefield, NJ For $1.6M
739 Day Avenue, Ridgefield, NJ 07657
$1,600,000
$44/SF
Building Size
35,889 SF
Asset Type
MultiFamily
Closing
Nov 23, 2021
AI
A multifamily property located at 739 Day Ave in Bergen County, Ridgefield, NJ has been sold. The property consists of 2 units with a total square footage of 35,889. The asking price for the property was $1,895,000 and it was sold for $1,600,000, resulting in a price per unit of $800,000 and a price per square foot of $45.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 739 Day Ave, Bergen County, Ridgefield, NJ
- Market: Bergen County, Ridgefield, NJ
- Buyer: Musleh
- Seller: Mettler
- Buyer's Representative: Fernando M. Cayo - Group Twenty Six, LLC
- Seller's Representative: Justin Smith - Remax Select
- Lender: Donald Maita II - NJ Lenders Corp
This transaction was facilitated by the buyer's representative, Fernando M. Cayo from Group Twenty Six, LLC, and the seller's representative, Justin Smith from Remax Select. The lender involved in the deal was Donald Maita II from NJ Lenders Corp.
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