Golden Glades Capital Management Acquires Mixed-Use Property In Jersey City For $16M
SOLD
$16,000,000
New Jersey
See Similar DealsMixed-use
Sold 01/18/2022
SOLD
Golden Glades Capital Management Acquires Mixed-Use Property In Jersey City For $16M
380 Communipaw Avenue, Jersey City, NJ 07304
See Similar DealsMixed-use
Sold 01/18/2022
Summary
NEW JERSEY
Asset Type:Mixed-use
Transaction Type:Sale
The mixed-use property located at 380 Communipaw Avenue in Jersey City has been sold for a total of $16,000,000. The transaction took place on January 18, 2022. The property comprises 40 units, with each unit having an average sale price of $400,000.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $16,000,000
- Address: 380 Communipaw Avenue
- Market: Jersey City
The buyer in this deal is Golden Glades Capital Management, while the seller is Six Boro Holdings. Bobby Antonicello and Gregory D. Edgell from GRID Real Estate represented the buyer as their representatives. The mortgage brokers involved in the transaction were Matthew Pizzolato and Thomas E. Didio, Jr. from JLL Capital Markets.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
Is there something missing? Send suggestions