Natalie Esfandiari Of Weichert Realtors Sells Mixed-Use Property In Jersey City For $975K
241 Martin Luther King Dr., Jersey City, NJ, USA
$975,000
$232/SF
Building Size
4,194 SF
Asset Type
Mixed-use
Closing
Jun 30, 2020
AI
A mixed-use property located at 241 Martin Luther King Dr in Jersey City, NJ was recently sold for $975,000. The property spans 4,194 square feet, resulting in a price per square foot of $232. The transaction took place on June 30, 2021. The property was listed for $1,200,000, and the sale price was negotiated to $975,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $975,000
- Address: 241 Martin Luther King Dr, Jersey City, NJ
- Market: Jersey City, NJ
- Listing Price: $1,200,000
- Square Footage: 4,194
- Price Per Square Foot: $232
- Broker: Natalie Esfandiari - Weichert Realtors
Natalie Esfandiari from Weichert Realtors represented the seller and buyer in this transaction. The deal was closed on June 30, 2021. The property offers a mixed-use space suitable for various purposes.
Jersey City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.27%
Cash-on-Cash
-4.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93