Updated Dec 4, 2024
Crossroads Realty Brokers Sale Of Multifamily Property In Kearny For $1.35M
570 Devon Street
$1,350,000
Units
6
Asset Type
MultiFamily
Closing
Jan 31, 2024
About this deal
AI
570 Devon Street, located in Kearny, was recently sold for $1.35 million. This multifamily property consists of six units, with each unit fetching $225,000. The sale was brokered by Joseph Viscuso of Crossroads Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 6
- Price Per Unit: $225,000
- Broker: Joseph Viscuso - Crossroads Realty
Joseph Viscuso of Crossroads Realty successfully facilitated the sale of 570 Devon Street. This transaction highlights the expertise and professionalism of both the buyer and seller involved in this deal.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93