Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 768 Broad Ave, Ridgefield, NJ, USA in Ridgefield, New Jersey sold for $1.2M in 2021. The building is 1,433 square feet, implying about 837 per square foot on the published price. Jee Mee Lim, In S. Park, Realty 7 appear on the sale alongside Realty 7. This page is the Ridgefield, New Jersey file for the 768 Broad Ave, Ridgefield, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Ridgefield sit in the Market section below. Filter that Ridgefield multifamily set by closing date to see what else sold near 768 Broad Ave, Ridgefield, NJ, USA around 2021. Published consideration for 768 Broad Ave, Ridgefield, NJ, USA is $1.2M, dated 2021. Cite this Realty 7, LLC Acquires Multifamily Property In Ridgefield, NJ For $1.2M sale when underwriting similar multifamily product around Ridgefield, New Jersey.
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