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Katherine Plosia Of Terrie O'Connor Realtors Represents Buyer In $1.34M Multifamily Sale In Garfield
SOLD
New Jersey
See Similar DealsMultiFamily
Sold
SOLD
Katherine Plosia Of Terrie O'Connor Realtors Represents Buyer In $1.34M Multifamily Sale In Garfield
177 Ray Street
See Similar DealsMultiFamily
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
177-179 Ray Street in Garfield includes two buildings: a 4-unit brick structure featuring 2-bedroom apartments and a single-family house. The property sold for $1,337,500 and presents potential for diverse rental income streams and tenant utility arrangements.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,337,500
- Buyer's Representative: Katherine Plosia - Terrie O'Connor Realtors
- Seller's Representative: Urszula McKee - Century 21 Gold Advantage
This transaction highlights the involvement of Katherine Plosia representing the buyer and Urszula McKee representing the seller, indicating a successful partnership between the involved real estate agencies during the deal process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$71,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,751.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,340.43
Annual Debt Service$76,085.19
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