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Ridgefield Multifamily Property Sold At 751 Kingsland Lane With Thomas Jee - C Land Realty As Broker For $1.15M

Property Image
SOLD
$1,150,000

New Jersey

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MultiFamily
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Property Image
SOLD

Ridgefield Multifamily Property Sold At 751 Kingsland Lane With Thomas Jee - C Land Realty As Broker For $1.15M

751 Kingsland Lane

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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

TJ
C Land Realty
Thomas Jee
1 deal$1.2M volume(201) 944-5353
BROKER

Details

SOLD
IMAGE: 10/13/2023 ADDRESS: 751 Kingsland Lane MARKET: Ridgefield ASSET TYPE: Multifamily BROKER: Thomas Jee - C Land Realty SALE PRICE: $1,150,000 NOTE: A Ridgefield multifamily property at 751 Kingsland Lane was sold for $1,150,000, with Thomas Jee of C Land Realty as the broker.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$61,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04