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2980 Kennedy Blvd, Journal ...

Updated Oct 28, 2024

JSQ Kennedy LLC Acquires Mixed-Use Property On Kennedy Blvd In Journal Square, Jersey City For $2.8M
SOLDMixed-use

JSQ Kennedy LLC Acquires Mixed-Use Property On Kennedy Blvd In Journal Square, Jersey City For $2.8M

2980 Kennedy Blvd, Journal Square, Jersey City, NJ, USA

$2,805,000

$467/SF

Building Size

6,000 SF

Asset Type

Mixed-use

Closing

Sep 27, 2021

About this deal

AI

Located in Journal Square, Jersey City, NJ, the recently sold mixed-use property at 2980 Kennedy Blvd has changed hands. The transaction took place on September 27, 2021, and was facilitated by Bobby Antonicello Jr. of Grid Real Estate, who represented the buyer, JSQ Kennedy LLC. The seller, 2980 Kennedy LLC, successfully closed the deal for a total sale price of $2,805,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,805,000
  • Square Footage: 6,000 SF
  • Price per Square Foot: $468
  • Address: 2980 Kennedy Blvd, Journal Square, Jersey City, NJ
  • Market: Journal Square, Jersey City, NJ

Bobby Antonicello Jr. of Grid Real Estate played a pivotal role in the transaction, representing JSQ Kennedy LLC as their broker. The deal saw the property change ownership, presenting an opportunity for the new owners to utilize its mixed-use potential. The specifics of the property's features, such as the type and breakdown of the mixed-use elements, were not disclosed in the available information.

Players

Bobby Antonicello Jr., CCIM

Grid Real Estate

Broker

$256.6M

vol

21 deals

Broker
L
LLCBuyer

Jersey City Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $467 per square foot on a published $2.8M for 6,000 square feet (2021).

Visit Bobby Antonicello Jr., CCIM to view all their deals.

Browse New Jersey mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.66%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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