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61 Dukes Street

Kym Realty Group Acquires Kearny Multifamily Property For $1.18M
SOLDMultiFamily

Kym Realty Group Acquires Kearny Multifamily Property For $1.18M

61 Dukes Street

$1,183,000

Building Size

Asset Type

MultiFamily

Closing

Sep 18, 2023

AI

A multifamily property located at 61 Dukes Street in Kearny was recently sold for $1,183,000. The property, representing a lucrative investment opportunity, offers spacious living spaces and is situated in a desirable location within the Kearny market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,183,000
  • Address: 61 Dukes Street
  • Market: Kearny

The buyer's representative in this transaction was the Kym Realty Group, represented by Miriam V. Raide and Kriti Thapa Roka. On the other hand, Jan Kwapniewski from Coccia Realty Better Homes & Gardens acted as the seller's representative.

This successful sale showcases the effectiveness of Kym Realty Group and Coccia Realty Better Homes & Gardens in facilitating property transactions in Kearny. Their expertise and negotiation skills played a crucial role in securing this deal, satisfying both the buyer and the seller.

Players

Jan Kwapniewski

Coccia Realty

Broker

$4.8M

vol

3 deals

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

13.41%

Cash-on-Cash

-3.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93