Chris Vitiello Of Grid Real Estate Facilitates $2.77M Sale Of Mixed-Use Portfolio In Jersey City
John F Kennedy Boulevard
$2,770,000
$291/SF
Building Size
9,500 SF
Asset Type
Mixed-use
Closing
Jul 22, 2025
AI
A mixed-use property portfolio located at 1664, 1668, and 1670 John F Kennedy Boulevard in Jersey City has been sold. The total sale price for the portfolio is $2,770,000, and it encompasses a total square footage of 9,500, translating to a price per square foot of $291.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,770,000
- Sale Date: 07/23/2025
- Broker: Chris Vitiello - Grid Real Estate
- Market: Jersey City
- Total Square Footage: 9,500
- Price Per Square Foot: $291
This transaction represents a collaboration involving Chris Vitiello of Grid Real Estate, who acted as the broker in facilitating the sale of the three-property portfolio.
Players
Bayonne Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.73%
Cash-on-Cash
-1.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93