Updated Oct 28, 2024
Sixth Borough Properties Acquires Mixed-Use Property In Jersey City For $1.5M
282 Saint Paul's Avenue, Jersey City, New Jersey 07306, United States
$1,500,000
$370/SF
Building Size
4,050 SF
Asset Type
Mixed-use
Closing
Mar 20, 2022
About this deal
AI
A mixed-use property located at 282 St Pauls Ave in Jersey City has recently been sold. The property, with a total square footage of 4,050, was sold for a price of $1,500,000, resulting in a price per square foot of $370. The transaction took place on March 21, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Sale Price: $1,500,000
- Square Footage: 4,050
- Address: 282 St Pauls Ave, Jersey City
- Market: Jersey City
The buyer of the property is Sixth Borough Properties, while the seller is Blue River Properties. Minni Chalana from EXP Realty represented the buyer as the broker in this transaction. The asking price for the property was $1,399,000. It is worth noting that no additional information about the transaction was provided.
Players
Jersey City 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93