Updated Dec 4, 2024
Ridgefield Multifamily Property Sold At 751 Kingsland Lane With Thomas Jee - C Land Realty As Broker For $1.15M
751 Kingsland Lane
$1,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 13, 2023
About this deal
AI
A multifamily property located at 751 Kingsland Lane in Ridgefield has been sold for a total price of $1,150,000. This property, facilitated by Thomas Jee of C Land Realty, offers a valuable investment opportunity in the Ridgefield market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 751 Kingsland Lane
- Market: Ridgefield
- Broker: Thomas Jee - C Land Realty
This transaction showcases the expertise of Thomas Jee from C Land Realty as the broker involved in the sale. Their knowledge of the Ridgefield market and understanding of multifamily properties played a crucial role in facilitating this successful deal. With their assistance, the property at 751 Kingsland Lane was able to be sold at a competitive price.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93