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3204 John F Kennedy Boulevard

Updated Sep 9, 2024

Mixed-Use Property In Jersey City Sells For $1.16M With Broker Team From Prominent Properties Sotheby’s International Realty
SOLDMixed-use

Mixed-Use Property In Jersey City Sells For $1.16M With Broker Team From Prominent Properties Sotheby’s International Realty

3204 John F Kennedy Boulevard

$1,160,000

Building Size

Asset Type

Mixed-use

Closing

Sep 15, 2023

About this deal

AI

A mixed-use property located at 3204 Kennedy Boulevard in Jersey City was successfully sold for a total price of $1,160,000. The property encompasses both residential and commercial spaces, making it a versatile investment opportunity. Situated in the bustling market of Jersey City, this property offers great potential for both residential and business needs.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,160,000
  • Address: 3204 Kennedy Boulevard, Jersey City
  • Market: Jersey City

The sale of this mixed-use property was facilitated by Michelle Robinson, Rick Arroyo, and Charles Wesoky of Prominent Properties Sotheby’s International Realty. As experienced brokers in the industry, their expertise proved instrumental in closing this successful transaction. Their professionalism and market knowledge ensured a smooth process for both the buyer and seller.

Players

Michelle Robinson

Sotheby's International Realty

Broker

$1.2M

vol

1 deal

Broker

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

13.68%

Cash-on-Cash

-3.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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