Private Investor Buys Mixed-Use Buildings In Hackensack For $1.8M With Signature Realty NJ Representation
268 Main Street
$1,800,000
$193/SF
Building Size
9,284 SF
Asset Type
Mixed-use
Closing
Jun 27, 2025
AI
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:
- Property Type: Mixed-use
- Transaction Amount: $1,800,000
- Seller: Olympic Properties Inc
- Buyer's Representative: Cary Diec & Eliane Longhi - Signature Realty NJ
- Seller's Representative: Jonathan Kristofich & William Pulzello - NAI James E. Hanson
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
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