Updated Sep 9, 2024
Realty 7, LLC Acquires Ridgefield Multifamily For $1.3M With Buyer's Rep Jee Mee Lim & Seller's Rep Christian Torres
830 Elizabeth Street, Ridgefield, NJ 07657
$1,300,000
Units
2
Asset Type
MultiFamily
Closing
Jan 12, 2022
About this deal
AI
A multifamily property located at 830 Elizabeth St in Ridgefield, NJ has been sold for a price of $1,300,000. The property consists of 2 units, resulting in a per unit price of $650,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 2
- Price per Unit: $650,000
Jee Mee Lim from Realty 7, LLC represented the buyer in this transaction. The seller was represented by Christian J. Torres from Keller Williams City Views Realty.
The multifamily sale at 830 Elizabeth Street, Ridgefield, NJ 07657 in Ridgefield, New Jersey sold for $1.3M in 2022. Reported inventory is 2 units across 2 units. Jee Mee Lim, Christian Torres, Realty 7, Keller Williams Realty appear on the sale alongside Realty 7, Keller Williams Realty. This page is the Ridgefield, New Jersey file for the 830 Elizabeth Street, Ridgefield, NJ 07657 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 830 Elizabeth Street, Ridgefield, NJ 07657 around 2022. Published consideration for 830 Elizabeth Street, Ridgefield, NJ 07657 is $1.3M, dated 2022. Cite this Realty 7, LLC Acquires Ridgefield Multifamily For $1.3M With Buyer's Rep Jee Mee Lim & Seller's Rep Christian Torres 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93