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751 Kingsland Lane

Updated Dec 4, 2024

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

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

Thomas Jee

C Land Realty

Broker

$1.2M

vol

1 deal

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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