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402 Communipaw Avenue, Jers...

Marcus & Millichap Sells Mixed-Use Property In Jersey City For $2.8M
SOLDMixed-use

Marcus & Millichap Sells Mixed-Use Property In Jersey City For $2.8M

402 Communipaw Avenue, Jersey City, NJ, USA

$2,800,000

$195/SF

Building Size

14,325 SF

Asset Type

Mixed-use

Closing

Nov 16, 2020

AI

This mixed-use property located at 402 Communipaw Avenue in Jersey City was recently sold for a price of $2,800,000. The transaction took place on November 17, 2020. The property spans a total of 14,325 square feet, resulting in a price per square foot of $195. The sale was facilitated by the brokers Daniel Aviles, Andrew Zuckerman, and Casey Egan from Marcus & Millichap.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,800,000
  • Address: 402 Communipaw Avenue
  • Market: Jersey City
  • Square Footage: 14,325
  • Price per Square Foot: $195
  • Brokers: Daniel Aviles, Andrew Zuckerman, & Casey Egan - Marcus & Millichap

The property sale involved key individuals, including the brokers Daniel Aviles, Andrew Zuckerman, and Casey Egan from Marcus & Millichap. They played a crucial role in facilitating the transaction between the buyer and seller. The deal showcases the expertise of these brokers in the real estate market.

Players

Daniel Aviles

Providence Real Estate Advisors

Broker

$48.3M

vol

10 deals

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93