Updated Sep 9, 2024
Grid Real Estate Brokers $3.8M Mixed-Use Sale On Central Ave, Jersey City NJ
320-322 Central Avenue
$3,800,000
$286/SF
Building Size
13,247 SF
Asset Type
Mixed-use
Closing
Oct 31, 2022
About this deal
AI
A mixed-use property located at 320-322 Central Ave in Jersey City, NJ has been sold for a total price of $3,800,000. The property spans a total area of 13,247 square feet, resulting in a price per square foot of $287.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,800,000
- Address: 320-322 Central Ave, Jersey City, NJ
- Square footage: 13,247
- Price per square foot: $287
- Market: Jersey City, NJ
The sale was facilitated by Gregory D. Edgell from Grid Real Estate. As the broker for the transaction, Gregory D. Edgell played a key role in representing the buyer and seller in this deal.
Jersey City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Gregory Edgell to view all their deals.
Browse Jersey City mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93