Coccia Realty Brokers Sell 15-Unit MultiFamily Property In Kearny, NJ

The 15-unit all-brick apartment building located at 11 King Street in Kearny, New Jersey has been sold for a price of $2.5 million. This property offers strong investment potential with full occupancy and recent upgrades. It consists of 12 one-bedroom units and 3 two-bedroom units, generating an approximate yearly gross income of $222,100. The apartment building spans across a total area of 10,956 square feet, with an average price per square foot of $228,185.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $2,500,000
• Units: 15
• Price per Unit: $166,667
• Square Footage: 10,956
• Price per Square Foot: $228,185

Represented by George Rosko and Jan Kwapniewski of Coccia Realty, the sale of this apartment building showcases their expertise in the Kearny market. With their guidance, this property was successfully sold, providing a lucrative opportunity for both the buyer and the seller.