Natalie Esfandiari Acquires Mixed-Use Property In Jersey City For $935,000
168-172 Martin Luther King Dr., Jersey City, NJ, USA
$935,000
$195/SF
Building Size
4,773 SF
Asset Type
Mixed-use
Closing
Jan 1, 2020
AI
The property at 168-172 Martin Luther King Dr, Jersey City, NJ is a mixed-use asset consisting of 4,773 square feet. It was listed with an asking price of $1,200,000 and sold for $935,000, which translates to a price per square foot of $196.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $935,000
- Address: 168-172 Martin Luther King Dr
- Market: Jersey City, NJ
- Broker: Natalie Esfandiari - Weichert Realtors
- Asking Price: $1,200,000
- Square Footage: 4,773
- Price per Square Foot: $196
Natalie Esfandiari represented the seller in this transaction. The broker facilitated the sale under the banner of Weichert Realtors, bringing expertise to the deal.
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
16.97%
Cash-on-Cash
-4.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93