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168-172 Martin Luther King ...

SOLDMixed-use

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.

Players

Natalie Esfandiari

Weichert Realtors

Broker

$8.4M

vol

8 deals

Broker

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