SOLDMultiFamily
Realty 7, LLC Acquires Multifamily Property In Ridgefield, NJ For $1.2M
768 Broad Ave, Ridgefield, NJ, USA
$1,200,000
$837/SF
Building Size
1,433 SF
Asset Type
MultiFamily
Closing
May 9, 2021
AI
A multifamily property located at 768 Broad Ave in Ridgefield, NJ has been sold for $1,200,000. This property is a part of the real estate market in Ridgefield.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 768 Broad Ave, Ridgefield, NJ
Jee Mee Lim from Realty 7, LLC represented the buyer, while In S. Park from Simply Real Estate represented the seller in this 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93