Updated Dec 18, 2023
Shirish Nilekar & Prabha Ramachandran Acquire Mixed-Use Property In Jersey City For $1.18M
126 Dudley Street, Jersey City, New Jersey 07302, United States
$1,180,000
$925/SF
Building Size
1,275 SF
Asset Type
Mixed-use
Closing
Nov 4, 2021
About this deal
AI
The mixed-use property located at 126 Dudley St in Jersey City, NJ was recently sold for a total of $1,180,000. This property spans 1,275 square feet and was sold at a price-per-square-foot (PPSF) rate of $925. The transaction took place on November 5, 2021, involving buyers Shirish Nilekar and Prabha Ramachandran, as well as sellers Luiz Franca Pereira Filho and Nicholas Starzynski.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $1,180,000
- Address: 126 Dudley St, Jersey City, NJ
- Market: Jersey City, NJ
- Square Footage: 1,275
- Price per Square Foot (PPSF): $925
Shirish Nilekar and Prabha Ramachandran acquired the mixed-use property at 126 Dudley St through this transaction. Luiz Franca Pereira Filho and Nicholas Starzynski acted as sellers in the deal. Please note that no additional information was provided regarding the transaction.
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
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93