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
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