Updated Feb 5, 2025
Mack-Cali Realty Corporation Acquires Property At 273 16th St Jersey City For $263.8M With Seller's Rep Kevin O'Hearn JLL
273 16th St, Jersey City, NJ, 07310
$263,800,000
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property situated at 273 16th St, Jersey City, NJ, 07310, was sold for a total of $263,800,000. The transaction took place in the Jersey City market, and the property has a square footage of 0.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $263,800,000.00
- Address: 273 16th St, Jersey City, NJ, 07310
- Market: Jersey City
- Seller's Representative: Kevin O’Hearn (JLL)
- Buyer: Mack-Cali Realty Corporation
- Seller: Not provided
- Square Footage: 0
Kevin O’Hearn from JLL represented the seller in this transaction, while the buyer, Mack-Cali Realty Corporation, completed the purchase. The deal reflects significant activity in the Jersey City market.
Players
Jersey City CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93