Updated Dec 18, 2023
Calvin Wingo & MaryJane Tarabocchia Sell Garfield, NJ Multifamily For $1.175M
68 Lanza Avenue, Garfield, NJ 07026, USA
$1,175,000
$106/SF
Building Size
11,000 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
A multifamily property located at 68 Lanza Ave in Garfield, NJ has recently been sold for a price of $1,175,000. The property spans approximately 11,000 square feet, resulting in a price per square foot of $107. The sale took place on July 30, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 68 Lanza Ave, Garfield, NJ
- Market: Garfield, NJ
The buyer, represented by MaryJane Tarabocchia from Christie's International Real Estate Northern New Jersey, Inc - Mahwah/Saddle River Regional Office, acquired the property from the seller, Calvin Wingo, who was represented by Coldwell Banker @cbrealtynjny - Clifton.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93