facebook
Traded Co logo
Submit

Unit Opus Acquires Development Site In Jersey City For $4M

Property Image
SOLD
$4,000,000

New Jersey

See Similar Deals
Development Site7,500 SF
Sold 06/14/2023
the dealplayerscompscontact
Property Image
SOLD

Unit Opus Acquires Development Site In Jersey City For $4M

83 Morris St Jersey City, Nj 07302, Usa

See Similar Deals
Development Site7,500 SF
Sold 06/14/2023
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$533
Total Square Footage:7,500 SF
Transaction Type:Sale

A development site located at 83-89 Morris Street in Jersey City has been sold for $4,000,000. The property spans 7,500 square feet, resulting in a price per square foot of $533. The transaction took place on 06/14/2023.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $4,000,000
  • Address: 83-89 Morris Street, Jersey City
  • Market: Jersey City
  • Buyer: Unit Opus - David Popkin
  • Seller: KAJN - Jennifer Broy
  • Buyer's Representative: Jason Trembicki & David Bistany - KW Commercial
  • Seller's Representative: Allen Walton - Keller Williams
  • Square Footage: 7,500
  • Price per Square Foot: $533

The buyer, Unit Opus, was represented by Jason Trembicki and David Bistany from KW Commercial, while the seller, KAJN, was represented by Allen Walton from Keller Williams.

Players

10 deals$60.1M volume(917) 526-2982
BROKER


David Bistany
Keller Williams Realty
2 deals$5.3M volume
BROKER

Details

SOLD
IMAGE: David Bistany, Jason Trembicki & Allen Walton DATE: 06/14/2023 ADDRESS: 83-89 Morris Street MARKET: Jersey City ASSET TYPE: Development Site BUYER: Unit Opus - David Popkin SELLER: KAJN - Jennifer Broy BUYER'S REP: Jason Trembicki (@Jtrembicki) & David Bistany (@DavidBistanyRealtor) - KW Commercial (@KW_Commercial) SELLER'S REP: Allen Walton (@AllenMWalton) - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $4,000,000 SF: 7,500 ~ PPSF: $533

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49