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
Ridgefield MultiFamily Market Snapshot
Boundary boundary Ā· MultiFamily Ā· Sale transactions
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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