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177 Ray Street

Katherine Plosia Of Terrie O'Connor Realtors Represents Buyer In $1.34M Multifamily Sale In Garfield
SOLDMultiFamily

Katherine Plosia Of Terrie O'Connor Realtors Represents Buyer In $1.34M Multifamily Sale In Garfield

177 Ray Street & 179 Ray Street

$1,337,500

Building Size

Asset Type

MultiFamily

Closing

Jul 12, 2024

AI

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:

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.

Players

Urszula McKee

Century 21

Broker

$1.3M

vol

1 deal

Broker

Garfield 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

11.86%

Cash-on-Cash

-3.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93