Updated Oct 19, 2026
137 Monticello LLC Acquires Mixed-Use Property In Jersey City For $1.3M
137 Monticello Avenue, Jersey City, NJ 07304
$1,300,000
$216/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Nov 16, 2021
About this deal
AI
The mixed-use property located at 137 Monticello Ave in Jersey City has been sold. The property, spanning 6,000 square feet, was sold for a price of $1,300,000, resulting in a price per square foot of $217. The transaction took place on November 16, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,300,000
- Address: 137 Monticello Ave, Jersey City
- Market: Jersey City
The buyer of the property is 137 Monticello LLC, while the seller is Stolar Capital. Lionel Cruz from NextHome Prime represented the buyer, and Gregory Edgell and Dante Trigo from Grid Real Estate represented the seller. The property transaction was facilitated by these key individuals and companies, ensuring a smooth process and successful deal.
On the Map
$1,300,000
$216/SF
Mixed-use
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Players
Jersey City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93