Updated Oct 28, 2024
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
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
5.66%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93