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Kym Realty Group Acquires Kearny Multifamily Property For $1.18M

Property Image
SOLD
$1,183,000
Jan Kwapniewski
MR
Kriti Thapa Roka

New Jersey

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MultiFamily
Sold 09/18/2023
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Property Image
SOLD

Kym Realty Group Acquires Kearny Multifamily Property For $1.18M

61 Dukes Street

See Similar Deals
MultiFamily
Sold 09/18/2023
Jan Kwapniewski
MR
Kriti Thapa Roka
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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
Jan Kwapniewski
3 deals$4.8M volume(800) 997-9704
BROKER
MR
Kym Realty Group
Miriam Raide
1 deal$1.2M volume(848) 248-0274
BROKER
Kriti Thapa Roka
Kym Realty Group
Kriti Thapa Roka
1 deal$1.2M volume(347) 825-8501
BROKER

Details

SOLD
IMAGE: Kriti Thapa Roka & Jan Kwapniewski DATE: 09/18/2023 ADDRESS: 61 Dukes Street MARKET: Kearny ASSET TYPE: Multifamily BUYER'S REP: Miriam V. Raide & Kriti Thapa Roka - Kym Realty Group SELLER'S REP: Jan Kwapniewski (@jkwap)- Coccia Realty Better Homes & Gardens SALE PRICE: $1,183,000 NOTE: A Kearny multifamily property at 61 Dukes Street was sold for $1,183,000. Kym Realty Group represented the buyer, and Coccia Realty Better Homes & Gardens represented the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$63,093.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,202.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,608.02
Annual Debt Service$67,296.28