Updated Dec 4, 2024
Carlos Alex Jesus Brokers $1.215M Sale Of Multifamily Property In Kearny
505 Devon Street
$1,215,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 12, 2024
About this deal
AI
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.
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
13.06%
Cash-on-Cash
-3.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93