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800 Bergen Boulevard

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

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

800 Bergen Boulevard

$1,275,000

Building Size

Asset Type

MultiFamily

Closing

Jun 24, 2024

AI

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

Keller Williams Realty

Broker

$62.6M

vol

3 deals

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

12.44%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93