Northgate Real Estate Group Acquires Mixed-Use Property In Jersey City, NJ For $4.6M
97-99 Greene Street
$4,600,000
$914/SF
Building Size
5,028 SF
Asset Type
Mixed-use
Closing
Jun 20, 2023
About this deal
AI
The mixed-use property located at 97-99 Greene Street in Jersey City, NJ was recently sold for a price of $4,600,000. The property spans a total area of 5,028 square feet, resulting in a price per square foot of $915. This sale was facilitated by Greg Corbin and Felix Ades of Northgate Real Estate Group acting as the brokers.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $4,600,000
- Address: 97-99 Greene Street, Jersey City, NJ
- Market: Jersey City, NJ
- Square Feet: 5,028
- Price per Square Foot: $915
- Brokers: Greg Corbin & Felix Ades - Northgate Real Estate Group
The sale of this mixed-use property represents a UCC foreclosure sale, with the price reflecting the collateral value of the membership interests involved in the transaction.
Players
Aberdeen Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93