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
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