Kislak Co. Inc. Brokers Sell Kearny Mixed-Use Property For $10.9M
111 Belgrove Drive, Kearny, NJ, USA
$10,915,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 19, 2021
AI
A mixed-use property located at 111 Belgrove Drive, 117 Belgrove Drive, 12 Grant Avenue, 160 Stuyvesant Avenue & 9 Maple Street in Kearny, NJ has been sold for a total price of $10,915,000. The property consists of 65 units, with a per unit price of $167,923.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,915,000
The sale was facilitated by Scott Davidovic and Michael Kossak from Kislak Co. Inc. They represented the buyers and sellers in the transaction.
Players
Kearny Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.45%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93