Daniel Cubicciotti III & Patricia S. Egan Acquires Multifamily Property In Ramsey For $2.1M
SOLD
$2,100,000
New Jersey
See Similar DealsMultiFamily
Sold
SOLD
Daniel Cubicciotti III & Patricia S. Egan Acquires Multifamily Property In Ramsey For $2.1M
75 Carol Street
See Similar DealsMultiFamily
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 75 Carol St in Ramsey has been sold for $2,100,000. The transaction took place on December 6, 2022. Daniel Cubicciotti III and Patricia S. Egan were the sellers of the property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Date: December 6, 2022
- Address: 75 Carol St, Ramsey
The sale of this property was facilitated by brokers Daniel Cubicciotti III and Patricia S. Egan from Terrie O'Connor Realtors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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