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268 Main Street

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

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:

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

NAI James E. Hanson

Broker

$47.8M

vol

11 deals

Broker
NAI James E. Hanson
NAI James E. HansonBrokerage

Hackensack Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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