Updated Sep 5, 2024
Kislak Co. Inc. Brokers Sell Kearny Mixed-Use Property For $10.9M
111 Belgrove Drive, Kearny, NJ, USA
$10,915,000
Units
65
Asset Type
Mixed-use
Closing
Oct 19, 2021
About this deal
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.
The mixed use sale at 111 Belgrove Drive, Kearny, NJ, USA in Kearny, New Jersey sold for $10.9M in 2021. Reported inventory is 65 units across 65 units. Michael (Mike) Kossak, Scott Davidovic, Kislak, Marcus & Millichap appear on the sale alongside Kislak, Marcus & Millichap. This page is the Kearny, New Jersey file for the 111 Belgrove Drive, Kearny, NJ, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Kearny sit in the Market section below. Filter that Kearny mixed use set by closing date to see what else sold near 111 Belgrove Drive, Kearny, NJ, USA around 2021. Published consideration for 111 Belgrove Drive, Kearny, NJ, USA is $10.9M, dated 2021. Cite this Kislak Co. Inc. Brokers Sell Kearny Mixed-Use Property For $10.9M sale when underwriting similar mixed use product around Kearny, New Jersey.
Players
Kearny Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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