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Private Investor Buys Mixed-Use Buildings In Hackensack For $1.8M With Signature Realty NJ Representation

Property Image
SOLD
$1,800,000
William Pulzello
Carey Diec
+ 1

New Jersey

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Mixed-use9,284 SF
Sold 06/27/2025
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Property Image
SOLD

Private Investor Buys Mixed-Use Buildings In Hackensack For $1.8M With Signature Realty NJ Representation

268 Main Street

See Similar Deals
Mixed-use9,284 SF
Sold 06/27/2025
William Pulzello
Carey Diec
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$193
Total Square Footage:9,284 SF
Transaction Type:Sale

A mixed-use property asset located at 268 and 270 Main Street in Hackensack was sold for $1,800,000. This transaction involved two fully leased buildings totaling 9,284 square feet, resulting in a price per square foot of $194.

Summary of transaction details:

A private investor completed the acquisition of the property through an all-cash deal. Olympic Properties Inc. sold the two buildings, with transactions being represented by Jonathan Kristofich and William Pulzello from NAI James E. Hanson, while Cary Diec and Eliane Longhi from Signature Realty NJ represented the buyer.

Players

Jonathan Kristofich
11 deals$47.8M volume
BROKER

William Pulzello
NAI James E. Hanson
1 deal$1.8M volume(201) 819-9508
BROKER

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

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

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

NAI James E. Hanson
BROKERAGE

Details

SOLD
IMAGE: Eliane Longhi, Jonathan Kristofich & William Pulzello DATE: 06/27/2025 ADDRESS: 268 & 270 Main Street MARKET: Hackensack ASSET TYPE: Mixed-use SELLER: Olympic Properties Inc BUYER'S REP: Cary Diec & Eliane Longhi (@Elonghi.realtor) - Signature Realty NJ (@SignatureRealtyNJ) SELLER'S REP: Jonathan Kristofich & William Pulzello - NAI James E. Hanson (@Nai_Hanson) SALE PRICE: $1,800,000 SF: 9,284 ~ PPSF: $194 NOTE: A private investor acquired two fully leased mixed-use buildings at 268 and 270 Main St. in downtown Hackensack for $1.8 million in an all-cash deal. Olympic Properties Inc. was the seller, represented by NAI James E. Hanson, while Signature Realty NJ represented the buyer.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
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