Sandy Melad Of Keller Williams Realty Represents Sale Of Mixed-Use Property In Jersey City For $1.45M
2321 John F Kennedy Boulevard
$1,450,000
$250/SF
Building Size
5,800 SF
Asset Type
Mixed-use
Closing
Nov 30, 2025
AI
The property asset involved in this transaction is a mixed-use building located at 2321 John F Kennedy Boulevard in Jersey City. The sale was concluded at a price of $1,450,000, encompassing a total of 6 units, which includes 4 residential and 2 commercial spaces. The overall square footage of the property is 5,800, resulting in a price per square foot of $250 and a price per unit of $241,667.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,450,000
- Units: 6
- Residential Units: 4
- Commercial Units: 2
- Square Footage: 5,800
- Price per Square Foot: $250
- Price per Unit: $241,667
Sandy Melad represented the buyer in this transaction through Keller Williams Realty, facilitating the sale of this mixed-use asset in the Jersey City market. The representation highlights the involvement of established brokerage expertise within the deal process.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93