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Richard Kocher Acquires Development Site From Anthony Maglori In Jersey City For $1.95M

Property Image
SOLD
$1,950,000
Tom Misuraca
Jason Trembicki

New Jersey

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Development Site4,612 SF
Sold
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Property Image
SOLD

Richard Kocher Acquires Development Site From Anthony Maglori In Jersey City For $1.95M

475 Newark Avenue

See Similar Deals
Development Site4,612 SF
Sold
Tom Misuraca
Jason Trembicki
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$422
Total Square Footage:4612 SF
Transaction Type:Sale

The property asset involved in this transaction is a development site located at 475 Newark Avenue in Jersey City. The sale price for this asset was $1,950,000, with a total area of 4,612 square feet, resulting in a price per square foot of $422.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,950,000
  • Address: 475 Newark Avenue
  • Market: Jersey City
  • Square Footage: 4,612
  • Price Per Square Foot: $422
  • Buyer: Richard Kocher
  • Seller: Anthony Maglori
  • Broker's Representative for Buyer: Jason Trembicki - KW Commercial
  • Broker's Representative for Seller: Tom Misuraca - Keller Williams Realty

This transaction involved Richard Kocher as the buyer and Anthony Maglori as the seller. The deal was facilitated by Jason Trembicki representing the buyer from KW Commercial and Tom Misuraca representing the seller from Keller Williams Realty.

Players

Jason Trembicki
Jason Trembicki
10 deals$60.1M volume(917) 526-2982
BROKER
Tom Misuraca
Keller Williams Realty
Tom Misuraca
13 deals$30.7M volume(862) 244-1032
BROKER

Details

SOLD
IMAGE: Jason Trembicki & Tom Misuraca DATE: 02/28/2026 ADDRESS: 475 Newark Avenue MARKET: Jersey City ASSET TYPE: Development Site BUYER: Richard Kocher SELLER: Anthony Maglori BROKERS: Jason Trembicki (@JTrembicki) - KW Commercial; Tom Misuraca (@Misuracagroup) - Keller Williams Realty (@KellerWilliamsRealty) SALE PRICE: $1,950,000 SF: 4,612 ~ PPSF: $422

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94