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:
- 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.
Players
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