Updated Dec 21, 2023
Triumph Group Real Estate Sells Mixed-Use Property In Jersey City For $950K
2321 John F Kennedy Boulevard, Jersey City, New Jersey 07304, United States
$950,000
$246/SF
Building Size
3,857 SF
Asset Type
Mixed-use
Closing
Mar 16, 2022
About this deal
AI
A mixed-use property located at 2321 John F. Kennedy Blvd in Jersey City has been sold for a price of $950,000. The transaction took place on March 17, 2022. The property spans over an area of 3,857 square feet and has a price per square foot of $246. It consists of 6 units, with each unit valued at approximately $158,333.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $950,000
- SF: 3,857
- PPSF: $246
- Units: 6
- PPU: $158,333
The sale of this property was facilitated by Mohamed Eisa of Triumph Group Real Estate. As the broker representing the deal, Mohamed Eisa played a key role in ensuring a successful transaction for the buyer and seller.
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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93