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853 Pleasant View Terrace

Simson & Bialy Park Acquires Multifamily Properties In Ridgefield From Moe Abbasi For $4.41M
SOLDMultiFamily

Simson & Bialy Park Acquires Multifamily Properties In Ridgefield From Moe Abbasi For $4.41M

853 Pleasant View Terrace, 849 Pleasant View Terrace & 851 Pleasant View Terrace

$4,409,999

$367/SF

Building Size

12,000 SF

Asset Type

MultiFamily

Closing

Sep 1, 2025

AI

The transaction involves three multifamily properties located at 853 Pleasant View Terrace, 849 Pleasant View Terrace, and 851 Pleasant View Terrace in Ridgefield. The total sale price is $4,409,999, with a combined square footage of 4,000 and a price per square foot of $1,102. Specific property prices are $1,550,000 for 849 Pleasant View Terrace, $1,460,000 for 851 Pleasant View Terrace, and $1,399,999 for 853 Pleasant View Terrace.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,409,999
  • Address: 853 Pleasant View Terrace, 849 Pleasant View Terrace, 851 Pleasant View Terrace
  • Market: Ridgefield
  • Sale Price of 849 Pleasant View Terrace: $1,550,000
  • Sale Price of 851 Pleasant View Terrace: $1,460,000
  • Sale Price of 853 Pleasant View Terrace: $1,399,999
  • Square Footage: 4,000
  • Price per Square Foot: $1,102

The buyer for this transaction is Simson & Bialy Park, while the seller is Moe Abbasi. The brokers representing the transaction are Oscar Nunez and Bruce Elia from Keller Williams Realty. A note from the brokers mentions that these oversized 2-family homes mark a new era of luxury new construction in Ridgefield.

Players

Bruce Elia

Keller Williams Realty

Broker

$16.9M

vol

6 deals

Broker

Ridgefield MultiFamily Market Snapshot

Boundary boundary Ā· MultiFamily Ā· Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.60%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93