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580 Elm St
Kearny, NJ 07032
Asking Price
$2.95M
Asset Type
Warehouse Industrial
Class
Class B
What's Special
Industrial | 24,000 SqFt <ul><li>Industrial property of 24000 sq ft situated on just about .59 acre. Property ideal for industrial use and yard storage/truck parking. Alternative uses can be residential development, as the property is sitting in a residential zoning. The industrial property is grandfathered in residential zoning, therefore may translate to easier approvals of development.</li></ul>
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NOI
$80,000
Cap Rate
2.71%
DSCR
0.46
Underwater
Cash-on-Cash
-10.75%
Monthly Payment
$14,594.99
Annual Cash Flow
$-95,139.885