Updated Sep 9, 2024
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
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