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268 Main Street

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

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

268 Main Street & 270 Main Street

$1,800,000

$96/SF

Building Size

18,568 SF

Asset Type

Mixed-use

Closing

May 28, 2025

AI

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

Signature Realty NJ

Broker

$3.6M

vol

2 deals

Broker
Signature Realty NJ
Signature Realty NJBrokerage

Hackensack 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93