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188 Ragonese Street

Meilyn Torres Of EXP Realty Represents Buyer In $1.19M Lodi Multifamily Sale
SOLDMultiFamily

Meilyn Torres Of EXP Realty Represents Buyer In $1.19M Lodi Multifamily Sale

188 Ragonese Street

$1,190,000

Building Size

Asset Type

MultiFamily

Closing

Oct 11, 2024

AI

A 2-family home located at 188 Ragonese Street in Lodi, NJ has been sold for $1.19 million, with each unit priced at $595,000. The property includes two units, each featuring three bedrooms and two bathrooms. Additionally, it boasts a large backyard and ample parking facilities.

Summary of transaction details:

The transaction involved Meilyn Torres representing the buyer and Taylor Lucyk representing the seller, reflecting a collaborative effort between the parties involved in this real estate transaction.

Players

Taylor Lucyk

Christie's International Real Estate

Broker

$133.5M

vol

11 deals

Broker

Lodi 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

13.33%

Cash-on-Cash

-3.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93