Updated Dec 21, 2023
Elaine Mosera Of Howard Hanna Rand Realty Facilitates $1.03M Sale Of Ridgefield Multifamily Property
740 Clark Avenue, Ridgefield, NJ 07657, USA
$1,030,000
$282/SF
Building Size
3,651 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
About this deal
AI
740 Clark Ave, Ridgefield, NJ has been sold in a recent transaction. The property is a multifamily asset consisting of 2 units. The sale took place on 10/05/2021 and was facilitated by Elaine Mosera from Howard Hanna Rand Realty, Englewood Cliffs.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,030,000
- Units: 2
- Price per Unit: $515,000
- Market: Ridgefield, NJ
Elaine Mosera, representing Howard Hanna Rand Realty, Englewood Cliffs, played a crucial role as the broker in this sale transaction.
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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93