Jenny Do & Jason Do Acquire Mixed-Use Property In Hackensack From Olympic Properties For $1.8M
SOLD
New Jersey
See Similar DealsMixed-use18,568 SF
Sold 05/28/2025
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 DealsMixed-use18,568 SF
Sold 05/28/2025
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
BROKERAGE
Details
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Deal Type
30 years
10 years
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
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