Updated Dec 4, 2024
Martin Acuña Of Americasa Realty Represents Seller In $2M Industrial Sale In Kearny
62 2nd Avenue
$2,000,000
$202/SF
Building Size
9,900 SF
Asset Type
Industrial
Closing
Oct 30, 2024
About this deal
AI
This industrial asset, located at 62 2nd Avenue in Kearny, was sold for $2,000,000. The property encompasses a total square footage of 9,900, translating to a price per square foot of $202.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Square Footage: 9,900
- Price per Square Foot: $202
- Address: 62 2nd Avenue
- Market: Kearny
- Broker: Martin Acuña - Americasa Realty
- Date of Sale: 10/30/2024
Martin Acuña represented the transaction as the broker, affiliated with Americasa Realty, managing the sale process for the involved parties.
Players
Kearny Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93