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

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SOLD
$1,337,500

New Jersey

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MultiFamily
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SOLD

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

177 Ray Street

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MultiFamily
Sold
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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:

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
1 deal$1.3M volume(201) 960-9409
BROKER

Katherine Plosia
Terrie O'Connor Realtors
1 deal$1.3M volume(201) 741-6120
BROKER

Details

SOLD
IMAGE: Urszula McKee & Katherine Plosia DATE: 07/12/2024 ADDRESS: 177-179 Ray Street MARKET: Garfield ASSET TYPE: Multifamily BUYER'S REP: Katherine Plosia - Terrie O'Connor Realtors (@TOCRGatewayGroup) SELLER'S REP: Urszula McKee (@Ulawerpa) - Century 21 Gold Advantage (@Century21GoldAdvantage) SALE PRICE: $1,337,500 NOTE: 177-179 Ray Street in Garfield sold for $1,337,500. The property includes two buildings: a 4-unit brick structure with 2-bedroom apartments and a single-family house, presenting potential for diverse rental income streams and tenant utility arrangements.

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Deal Type
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