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65 Bay Street, Jersey City,...

WundaBar Pilates Leases Mixed-Use Space In Jersey City, NJ From Kushner Companies
LEASEDMixed-use

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

Kevin Bisconti

Meridian Capital Group

Broker

50 deals

Broker
Kushner Companies
Kushner CompaniesBrokerage
Kushner Companies
Kushner CompaniesLandlord

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