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65 South St

55 Griffith LLC Acquires Mixed-use Property At 65 South St Jersey City For $1,200,000
SOLDMixed-use

55 Griffith LLC Acquires Mixed-use Property At 65 South St Jersey City For $1,200,000

65 South St

$1,200,000

$412/SF

Building Size

2,909 SF

Asset Type

Mixed-use

Closing

Apr 8, 2022

AI

No summary available.

Players

Carly Kilroy

Curran Commercial

Broker

$69.8M

vol

7 deals

Broker
5L
55 GRIFFITH LLCBuyer
4L
4TH AND GRIFFITH STREET LLCSeller

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93