Redwood Realty Advisors Facilitates $2.27M Sale Of Kearny Multifamily Property On Chestnut St
173 Chestnut Street, Kearny, New Jersey 07032, United States
$2,270,000
$227/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Jun 1, 2022
AI
A multifamily property located at 173 Chestnut St in Kearny has been sold for $2,270,000. The property consists of 12 units, with an average price per unit of $189,167. The total square footage of the property is 10,000, with a price per square foot of $227.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,270,000
- Address: 173 Chestnut St
- Market: Kearny
The sale was facilitated by Steven Matovski of Redwood Realty Advisors. He represented the buyer and seller in the transaction.
Kearny MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.99%
Cash-on-Cash
-2.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93