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

Property Image
SOLD
$4,409,999

New Jersey

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MultiFamily12,000 SF
Sold 09/02/2025
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SOLD

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

See Similar Deals
MultiFamily12,000 SF
Sold 09/02/2025
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$367
Total Square Footage:12,000 SF
Transaction Type:Sale

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
6 deals$16.9M volume
BROKER

Oscar Nunez
Keller Williams Realty
5 deals$10.2M volume
BROKER

Details

SOLD
IMAGE: Oscar Nunez & Bruce Elia DATE: 09/01/2025 ADDRESS: 853 Pleasant View Terrace, 849 Pleasant View Terrace & 851 Pleasant View Terrace MARKET: Ridgefield ASSET TYPE: Multifamily BUYER: Simson & Bialy Park SELLER: Moe Abbasi BROKERS: Oscar Nunez (@OscarRealtor9) & Bruce Elia (@BruceEliaJr) - Keller Williams Realty (@KellerWilliamsRealty) SALE PRICE: $4,409,999 SF: 4,000 ~ PPSF: $1,102 NOTE FROM BROKERS: A new era of luxury new construction has hit Ridgefield! These oversized 2-family homes just raised the bar for design & craftsmanship. šŸ” 849 Pleasantview Terrace – $1,550,000 šŸ” 851 Pleasantview Terrace – $1,460,000 šŸ” 853 Pleasantview Terrace – $1,399,999 Luxury. Size. Design. Welcome to the future of Ridgefield living

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,667.81
Cash-on-Cash Return-1.27%
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