WundaBar Pilates Leases Mixed-Use Space In Jersey City, NJ From Kushner Companies
65 Bay Street, Jersey City, NJ 07302
Building Size
1,200 SF
Asset Type
Mixed-use
Closing
May 24, 2020
AI
WundaBar Pilates has signed a lease agreement with Kushner Companies for a mixed-use property located at 65 Bay Street in Jersey City, NJ. The deal was facilitated by Kevin Bisconti from Meridian Retail Leasing, representing the tenant, and Max Swerdloff from RAE Leasing, representing the landlord. The lease term is set for five years with a five-year option to renew.
Summary of transaction details:
- Property Type: Mixed-use
- Asking Rent: $65/ft. (~ SF: 1,200)
- Date: 05/24/2021
- Address: 65 Bay Street, Jersey City, NJ
- Tenant: WundaBar Pilates
- Landlord: Kushner Companies
- Tenant's Rep: Kevin Bisconti - Meridian Retail Leasing
- Landlord's Rep: Max Swerdloff - RAE Leasing
This lease transaction represents an agreement between WundaBar Pilates and Kushner Companies for a mixed-use property. Kevin Bisconti from Meridian Retail Leasing represented the tenant, WundaBar Pilates, while Max Swerdloff from RAE Leasing represented the landlord, Kushner Companies.
Players
Jersey City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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