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739 Day Avenue, Ridgefield,...

Musleh Acquires Multifamily Property In Ridgefield, NJ For $1.6M
SOLDMultiFamily

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.

Players

Fernando M. Cayo

Broker

$3.1M

vol

2 deals

Broker

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