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Terrie O'Connor Realtors Sells Multifamily Property In Ridgefield For $1.275M
SOLD
New Jersey
See Similar DealsMultiFamily
Sold
SOLD
Terrie O'Connor Realtors Sells Multifamily Property In Ridgefield For $1.275M
800 Bergen Boulevard
See Similar DealsMultiFamily
Sold
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:
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Units: 4
- Price Per Unit: $318,750
- Address: 800 Bergen Boulevard
- Market: Ridgefield
- Buyer's Rep: Wendy Herzon - Terrie O'Connor Realtors
- Seller's Rep: Jorge Gonzalez - Keller WilliamsCity Views Realty
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.
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Deal Type
30 years
10 years
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
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