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241 Martin Luther King Dr.,...

Natalie Esfandiari Of Weichert Realtors Sells Mixed-Use Property In Jersey City For $975K
SOLDMixed-use

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.

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

16.27%

Cash-on-Cash

-4.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93