11 King Street

Kearny, NJ 07032

$2,500,000
Last Sold Price
Beds
10,956 Sq. Ft.
$228 / Sq. Ft.
10,956
Sq. Ft.
$228
per Sq. Ft.

Description

Ideal investment opportunity, all brick 15-unit apartment building-no rent control, 12- 1 bedroom and 3-2 bedroom. Center of town location, convenient to transportation and shopping. Full occupancy, many long-term tenants. Gross yearly income approx. $222,100 a year (included is $700 per year laundry). Approx. yearly expenses: Tax $30,350, Insurance $8,450, Heat, Hot water and Common Area Electric $7,900, Water $1,900, Snow/Landscaping $1,800. Total approximate expense: $50,000 Approx. Net income...Ideal investment opportunity, all brick 15-unit apartment building-no rent control, 12- 1 bedroom and 3-2 bedroom. Center of town location, convenient to transportation and shopping. Full occupancy, many long-term tenants. Gross yearly income approx. $222,100 a year (included is $700 per year laundry). Approx. yearly expenses: Tax $30,350, Insurance $8,450, Heat, Hot water and Common Area Electric $7,900, Water $1,900, Snow/Landscaping $1,800. Total approximate expense: $50,000 Approx. Net income Approx. 172,100. 6 cap! Numerous upgrades such as new furnace and stainless-steel chimney 2018, upgraded electric panels 2014, all smoke/carbon detectors replace 2020, renovations to numerous apartments, bathrooms, and kitchens. Roof recoated 2019. Gas heating system, 16 separate gas & electric meters. Recently State inspected May 2022.
  1. Listed by Jan Kwapniewski • Coccia Realty Better Homes & Gardens • (201) 997-7000

Property Details for 11 King Street

Style
5+Family
Sub style
5-25

Location

Listing Courtesy of Coccia Realty Better Homes & Gardens, Jan Kwapniewski

Sold By Coccia Realty Better Homes & Gardens-Lyndhurst, George Rosko

Add your commute
LISTING UPDATED: 08/07/2023 09:16 AM

Property Details for 11 King Street

StatusSold
MLS #22018561
Days on Market93
Taxes$30,358 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / 5+Family
Year Built-
Lot Size-
CountyHudson County

Location

Listing Courtesy of Coccia Realty Better Homes & Gardens, Jan Kwapniewski

Sold By Coccia Realty Better Homes & Gardens-Lyndhurst, George Rosko

Add your commute

Building Information for 11 King Street

Stories3Residences15Year Built-Lot Size-

Payment Calculator

$16,173 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$2,530

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11 King Street

Summary
Location and General Information
  • Area: 0907
  • Area name: Kearny
  • Directions: Devon St to King St. corner of Elm, next to KHS
  • Asv total: 289400
  • Street Name: King
  • County Name: HUDSON
  • Status: SOLD
  • Street Number Numeric: 11
  • Zip Code: 07032
Taxes and HOA Information
  • Tax: $30,358
Parking
  • Parking Spaces: 0
  • Additional parking: 0
Property
Lot Information
  • Lot: 00052
  • Year Built: 1900-1939
  • Propertype ro: Gas, Munincipal Water
  • Sale sqft: 10956.0
  • Land frontage: 100.0
  • Land sqft: 6612.0
  • Land Depth: 65.0
  • Block: 00219
Property and Assessments
  • Land assessment: $90,000
  • Building Assessment: $199,400
  • Photo: Y
  • Photo Number: 18
Interior and Exterior Features
Interior Features
  • Number of Units: 15
  • Ceiling high: 8.0
  • Number Of Stories: 3
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Flat
  • Number of Elevator: 0
  • Construction: brick
Multi Family
Multi-Family Information
  • No of Common units: 0
  • No1 Bedroom units: 13
  • No2 Bedroom units: 2
Income & Expenses Information
  • Gross Income: $220,800.00
  • Net Income: $155,775.00
  • Gross expenses: $64,870.00
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $2,500,000.00
  • Listing Date: 05-23-2022
  • Pending Date: 08-24-2022
  • Close Date: 08-03-2023
  • Status Date: 08-03-2023
  • Sale Price: $2,500,000
Showing Information
  • Internet Remarks: Ideal investment opportunity, all brick 15-unit apartment building-no rent control, 12- 1 bedroom and 3-2 bedroom. Center of town location, convenient to transportation and shopping. Full occupancy, many long-term tenants. Gross yearly income approx. $222,100 a year (included is $700 per year laundry). Approx. yearly expenses: Tax $30,350, Insurance $8,450, Heat, Hot water and Common Area Electric $7,900, Water $1,900, Snow/Landscaping $1,800. Total approximate expense: $50,000 Approx. Net income Approx. 172,100. 6 cap! Numerous upgrades such as new furnace and stainless-steel chimney 2018, upgraded electric panels 2014, all smoke/carbon detectors replace 2020, renovations to numerous apartments, bathrooms, and kitchens. Roof recoated 2019. Gas heating system, 16 separate gas & electric meters. Recently State inspected May 2022.
Rental
Rental Information
  • Owner pays: Heat, Snow, Water

Property History for 11 King Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11 King Street

Taxable ValueLand$90,000Additions$199,400Total$289,400
Tax Record2021$30,344 ($2,529 / month)
Home Facts
Total Finished SqFt10,956 SqFtAbove Grade Finished SqFt10,956 SqFtLot Size6,612 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyHUDSONAPN07 00219-0000-00052

Schools near 11 King Street

This home is within Kearny School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Garfield Elementary School
PublicPK to 6

Lincoln Middle School
Public7 to 8

Kearny High School
Public9 to 12

Franklin Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coccia Realty Better Homes & Gardens, Jan Kwapniewski

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/16/2024 05:17 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.