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Jenny Do & Jason Do Acquire Mixed-Use Property In Hackensack From Olympic Properties For $1.8M

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SOLD
$1,800,000

New Jersey

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Mixed-use18,568 SF
Sold 05/28/2025
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Property Image
SOLD

Jenny Do & Jason Do Acquire Mixed-Use Property In Hackensack From Olympic Properties For $1.8M

268 Main Street & 270 Main Street

See Similar Deals
Mixed-use18,568 SF
Sold 05/28/2025
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Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$96
Total Square Footage:18,568 SF
Transaction Type:Sale

This mixed-use asset located at 268 & 270 Main Street in Hackensack was sold for $1,800,000. The property comprises 10 units and has a total square footage of 9,284, with a per unit price of $180,000 and a price per square foot of $193.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,800,000
  • Buyer: Jenny Do & Jason Do
  • Seller: Olympic Properties
  • Buyer’s Representative: Carey Diec & Eliane Longhi - Signature Realty NJ
  • Units: 10
  • Square Footage: 9,284
  • Price Per Unit: $180,000
  • Price Per Square Foot: $193

Carey Diec and Eliane Longhi represented the buyers in this transaction, indicating the strategic growth in their investor's portfolio, which now includes two premium mixed-use commercial properties. The acquisition was completed all in cash.

Players

Carey Diec
2 deals$3.6M volume(201) 889-6274
BROKER

Eliane Longhi
Signature Realty NJ
2 deals$3.6M volume(201) 704-7048
BROKER

Signature Realty NJ
BROKERAGE

Details

SOLD
IMAGE: Carey Diec & Eliane Longhi DATE: 05/29/2025 ADDRESS: 268 & 270 Main Street MARKET: Hackensack ASSET TYPE: Mixed-use BUYER: Jenny Do & Jason Do SELLER: Olympic Properties BUYER'S REP: Carey Diec (@Caareyd) & Eliane Longhi (@ELonghi.realtor) - Signature Realty NJ (@SignatureRealtyNJ) SALE PRICE: $1,800,000 UNITS: 10 ~ PPU: $180,000 SF: 9,284 ~ PPSF: $193 NOTE FROM BUYER'S REP: Strategic growth in motion: Our private investor adds two premium mixed-use commercial properties to their expanding portfolio — acquired for $1.8M in all cash.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02