Ed Flanagan At Chilmark Real Estate Services Sells Multifamily Property In Kearny For $2.1M
178 Kearny Ave, Kearny, NJ 07032, Estados Unidos
$2,100,000
$129/SF
Building Size
16,170 SF
Asset Type
MultiFamily
Closing
Oct 22, 2020
AI
The multifamily property located at 178 Kearny Avenue in Kearny recently sold for $2,100,000. The transaction, which took place on October 23, 2020, involved a total of 17 units. With a price per unit (PPU) of $123,529, this sale represents a significant investment opportunity in the Kearny market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 178 Kearny Avenue
- Market: Kearny
- Units: 17
- PPU: $123,529
The sale was facilitated by Ed Flanagan of Chilmark Real Estate Services. As the broker representing the deal, Ed played a crucial role in ensuring a successful transaction for all parties involved.
Players
Kearny MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93