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Carlos Alex Jesus Brokers $1.215M Sale Of Multifamily Property In Kearny

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SOLD
$1,215,000

New Jersey

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MultiFamily
Sold 03/12/2024
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Property Image
SOLD

Carlos Alex Jesus Brokers $1.215M Sale Of Multifamily Property In Kearny

505 Devon Street

See Similar Deals
MultiFamily
Sold 03/12/2024
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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.

Players

Carlos Alex Jesus
2 deals$2.3M volume
BROKER

Details

SOLD
IMAGE: Carlos Alex Jesus DATE: 03/12/2024 ADDRESS: 505 Devon Street MARKET: Kearny ASSET TYPE: Multifamily BROKER: Carlos Alex Jesus (@JesusCarlosAlex) - Exit Golden Realty Group (@ExitGoldenRealtyGroup) SALE PRICE: $1,215,000 NOTE: Carlos Alex Jesus of Exit Golden Realty Group brokered the sale of a multifamily property at 505 Devon Street in Kearny for $1.215 million.

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Deal Type
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