AEP Real Estate Leases Office Space To IPRG NJ At 15 Exchange Place In Jersey City
15 Exchange Place
Building Size
5,100 SF
Asset Type
Office
Closing
Feb 28, 2026
AI
The property involved in this transaction is located at 15 Exchange Place in Jersey City. It is classified as an office asset, though specific characteristics such as size or transaction amount are not provided.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 15 Exchange Place
- Market: Jersey City
- Landlord: AEP Real Estate
- Tenant: IPRG NJ
- Landlord's Representative: Jamie Drummond - Newmark
- Tenant's Representative: Yanni Marmarou - Investment Property Realty Group (IPRG)
- Lease Type: Other
This transaction features the landlord AEP Real Estate and tenant IPRG NJ, facilitated by their representatives Jamie Drummond from Newmark and Yanni Marmarou from Investment Property Realty Group (IPRG) respectively, who played key roles in the lease agreement details.
Players
Jersey City Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93