Updated Oct 2, 2026
Lazer Herman Acquires Mixed-use Property From Jozef Zak In Jersey City For $1.275M
770 West Side Ave
$1,275,000
$226/SF
Building Size
5,636 SF
Asset Type
Mixed-use
Closing
Oct 13, 2023
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 770 West Side Ave in Jersey City. The transaction was completed on October 13, 2023, with a total price of $1,275,000.00, encompassing a total square footage of 5,636.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,275,000.00
- Address: 770 West Side Ave
- Market: Jersey City
- Square Footage: 5,636.0
- Buyer: Lazer Herman
- Seller: Jozef Zak
- Broker: Steven Matovski - Redwood Realty Advisors
This transaction marks a pivotal moment for the key participants, with Lazer Herman acquiring the property from seller Jozef Zak. The representation for this deal was provided by broker Steven Matovski from Redwood Realty Advisors, facilitating the negotiation and completion of the property transfer.
On the Map
$1,275,000
$226/SF
Mixed-use
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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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93