facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

178 Kearny Ave, Kearny, NJ ...

Ed Flanagan At Chilmark Real Estate Services Sells Multifamily Property In Kearny For $2.1M
SOLDMultiFamily

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

Ed Flanagan

Broker

$2.1M

vol

1 deal

Broker

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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93