Kabir Manchanda Of Manchanda Group Acquires Development Site In Jersey City For $13M
SOLD
$13,000,000
New Jersey
See Similar DealsDevelopment Site23,025 SF
Sold 01/01/2025
SOLD
Kabir Manchanda Of Manchanda Group Acquires Development Site In Jersey City For $13M
2995 Kennedy Boulevard
See Similar DealsDevelopment Site23,025 SF
Sold 01/01/2025
Summary
NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$564
Total Square Footage:23,025 SF
Transaction Type:Sale
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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