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Terrie O'Connor Realtors Sells Multifamily Property In Ridgefield For $1.275M

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SOLD
$1,275,000

New Jersey

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MultiFamily
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SOLD

Terrie O'Connor Realtors Sells Multifamily Property In Ridgefield For $1.275M

800 Bergen Boulevard

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MultiFamily
Sold
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A four-unit multifamily property located at 800 Bergen Boulevard in Ridgefield was recently sold for $1,275,000. The property features renovated units with separate utilities, outdoor decks, and on-site laundry facilities.

Summary of transaction details:

Wendy Herzon from Terrie O'Connor Realtors represented the buyer in this transaction, while Jorge Gonzalez from Keller Williams City Views Realty represented the seller. Both parties played crucial roles in the successful sale of this turnkey multifamily property.

Players

Jorge Gonzalez
3 deals$62.6M volume(917) 502-4792
BROKER

Wendy Herzon
Terrie O'Connor Realtors
1 deal$1.3M volume(201) 906-3909
BROKER

Details

SOLD
IMAGE: Wendy Herzon & Jorge Gonzalez DATE: 06/24/2024 ADDRESS: 800 Bergen Boulevard MARKET: Ridgefield ASSET TYPE: Multifamily BUYER'S REP: Wendy Herzon (@WendyHerzon_realtor) - Terrie O'Connor Realtors (@TerrieOConnorRealtors) SELLER'S REP: Jorge Gonzalez - Keller Williams City Views Realty (@KWCityViews) SALE PRICE: $1,275,000 UNITS: 4 ~ PPU: $318,750 NOTE: A four-unit multifamily property at 800 Bergen Boulevard in Ridgefield sold for $1,275,000. The turnkey property, represented by Terrie O'Connor Realtors and Keller Williams City Views Realty, features renovated units with separate utilities, outdoor decks, and on-site laundry.

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

$67,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81