Meximodo Leases 8,000 SF Retail Condo At Haus25 In Jersey City
25 Christopher Columbus Drive
Building Size
8,000 SF
Asset Type
Condo
Closing
May 5, 2023
AI
Meximodo – Cocina Mexicana & Tequila Bar, a full-service restaurant offering a unique culinary experience with bold flavors, has leased 8,000 square feet at Haus25 in Jersey City, New Jersey. The restaurant, which is part of Le Malt Hospitality Group and is expected to open in summer 2024, will feature indoor and outdoor dining as well as a tequila bar. Haus25 is a 56-story, 750-unit mixed-use property located at 25 Christopher Columbus Drive.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: Not mentioned
- Address: 25 Christopher Columbus Drive
- Market: Jersey City
- Asset Type: Retail Condo
- Square Footage: 8,000 SF
- Landlord: Veris Residential Inc
- Tenant: Meximodo – Cocina Mexicana & Tequila Bar
- Brokers: Robert Mackowski & Ryan Starkman - Pierson Commercial
Robert Mackowski and Ryan Starkman of Pierson Commercial represented Meximodo – Cocina Mexicana & Tequila Bar in the lease transaction at Haus25 in Jersey City.
Players
Jersey City Condo Market Snapshot
Boundary boundary · Condo · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93