Multifamily Property Sold For $1.33M In Garfield With Zvonko Veskov As The Broker

A 6-unit multifamily investment property located at 94-98 Mac Arthur Avenue in Garfield has been sold for $1.33 million. The property consists of a 4-family and a 2-family building on the same lot, featuring separate utilities, and it generates an annual gross income of $100,680. All rents are currently under market value, with a price per unit of $221,667.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,330,000
• Units: 6
• Price Per Unit: $221,667
• Address: 94-98 Mac Arthur Avenue
• Market: Garfield
• Annual Gross Income: $100,680
• Broker: Zvonko Veskov - New Jersey Homes & Estates

Zvonko Veskov represented the transaction for the sale of this multifamily property. This deal involved a combination of residential buildings, reflecting a diverse investment opportunity within the Garfield market.