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Carlos Alex Jesus Brokers $1.215M Sale Of Multifamily Property In Kearny
SOLD
$1,215,000
New Jersey
See Similar DealsMultiFamily
Sold 03/12/2024
SOLD
Carlos Alex Jesus Brokers $1.215M Sale Of Multifamily Property In Kearny
505 Devon Street
See Similar DealsMultiFamily
Sold 03/12/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 505 Devon Street in Kearny was recently sold for $1.215 million. The transaction was facilitated by Carlos Alex Jesus from Exit Golden Realty Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,215,000
- Address: 505 Devon Street
- Market: Kearny
- Broker: Carlos Alex Jesus - Exit Golden Realty Group
Carlos Alex Jesus played a crucial role as the broker from Exit Golden Realty Group in finalizing the sale of the multifamily property at 505 Devon Street. The successful transaction highlights the expertise and professionalism of the individuals involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,316.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,759.72
Annual Debt Service$69,116.64
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