Updated Sep 9, 2024
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
About this deal
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.
On the Map
$2,800,000
$195/SF
Mixed-use
View full map
Players
Jersey City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Daniel Aviles to view all their deals.
Browse New Jersey mixed use sales on Traded.
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