Natalie Esfandiari Acquires Mixed-Use Property In Jersey City For $935,000
$935,000
SOLD
$935,000
New Jersey
See Similar DealsMixed-use4,773 SF
Sold 01/01/2020
$935,000
SOLD
Natalie Esfandiari Acquires Mixed-Use Property In Jersey City For $935,000
168-172 Martin Luther King Dr., Jersey City, NJ, USA
See Similar DealsMixed-use4,773 SF
Sold 01/01/2020
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$195
Total Square Footage:4,773 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,321.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,432.38
Annual Debt Service$53,188.52
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