Updated Dec 21, 2023
The Bixler Group Acquires Multifamily Property In Kearny, NJ For $2.15M
155 Midland Avenue, Kearny, New Jersey 07032, United States
$2,155,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 23, 2022
About this deal
AI
The multifamily property located at 155 Midland Ave in Kearny, NJ was recently sold for a price of $2,155,000. The transaction took place on January 24, 2022, and was facilitated by Luis Pinto from The Bixler Group, LLC, who represented the seller, and Doris Law, also from The Bixler Group, LLC, who represented the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,155,000
- Date: 01/24/2022
- Address: 155 Midland Ave, Kearny, NJ
- Market: Kearny, NJ
This successful sale showcases the expertise and negotiation skills of Luis Pinto and Doris Law from The Bixler Group, LLC. Their representation and guidance contributed to the smooth completion of the transaction.
Players
Kearny MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.36%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93