Updated Dec 4, 2024
Terrie O'Connor Realtors Sells Multifamily Property In Ridgefield For $1.275M
800 Bergen Boulevard
$1,275,000
Units
4
Asset Type
MultiFamily
Closing
Jun 24, 2024
About this deal
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:
- 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.
On the Map
$1,275,000
MultiFamily
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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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93