Updated Aug 21, 2026
Ben Gross Purchases Mixed-Use Property From Alex Howaynek In Jersey City For $3.7M
401 Central Ave
$3,700,000
$313/SF
Building Size
11,786 SF
Asset Type
Mixed-use
Closing
Feb 23, 2021
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 401 Central Ave, Jersey City. The sale price for the property was $3,700,000.00, and it encompasses a total square footage of 11,786.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,700,000.00
- Address: 401 Central Ave
- Market: Jersey City
- Square Footage: 11,786.0
- Buyer: Ben Gross
- Seller: Alex Howaynek
- Broker: Steven Matovski - Redwood Realty Advisors
The deal features Ben Gross as the buyer and Alex Howaynek as the seller, with Steven Matovski from Redwood Realty Advisors representing the transaction. The involvement of these key individuals highlights the collaborative nature of the transaction process in the property market.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93