Updated Sep 1, 2026
Family Office Acquires Fully Leased Mixed-Use Property In Jersey City For $1.2M
569 West Side Avenue
$1,200,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 22, 2026
About this deal
AI
A family office acquired a fully leased mixed-use property at 569 West Side Avenue in Jersey City, NJ for $1.2 million in an all-cash transaction. The asset is characterized by its stable income and the potential for increasing residential rents to market rates.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Address: 569 West Side Avenue
- Market: Jersey City, NJ
- Broker: Chris Cervelli CCIM CPM - Cervelli Real Estate & Property Management
Cervelli Real Estate & Property Management arranged the transaction, with Chris Cervelli representing the seller in this deal. The property attracted investor interest due to its fully leased status and promising rental income potential.
Players
Chaptico 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93