Updated Sep 5, 2024
Unknown Developer Acquires 253 Academy St Jersey City For 9400 SF With Seller's Reps Jonathan Zamora And Julienne Pape
253 Academy St, Jersey City, NJ, 07306
Building Size
9,400 SF
Asset Type
Mixed-use
Closing
Nov 20, 2023
About this deal
AI
A 9,400-square-foot mixed-use property was sold in Jersey City, located at 253 Academy St. The transaction is part of the Jersey City market, and the property's details do not include a specified price.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 253 Academy St, Jersey City, NJ, 07306
- Market: Jersey City
- Seller's Representative: Jonathan Zamora, Marcus & Millichap
- Seller's Representative: Julienne Pape, Marcus & Millichap
- Buyer: Unknown Developer
Marcus & Millichap facilitated the transaction, representing the seller, a private investor, in the process. The buyer in this deal is identified as a developer, although their specific identity remains undisclosed.
Players
Jersey City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93