Daily Provisions Leases 3,134 SF Retail Space At 124 Bay Street In Jersey City, NJ
124 Bay St Jersey City, NJ 07302, USA
$150
$150/SF
Building Size
3,134 SF
Asset Type
Retail
Closing
Jul 10, 2023
AI
The retail property located at 124 Bay Street in Jersey City, NJ has recently been leased. The property spans 3,134 square feet and the lease term is set for 10 years. The asking rent for this retail space is $150 per square foot.
Summary of transaction details
- Property Type: Retail
- Address: 124 Bay Street, Jersey City, NJ
- Market: Jersey City, NJ
- Asking Rent: $150 per square foot
- Lease Term: 10 years
The landlord of this property is Kushner & KABR Group, and the tenant that has secured the lease is Daily Provisions. Representing the landlord in this deal are Andrew Stern & Andrew Connolly from Newmark, while Ripco acts as the tenant's representative.
Players
New Jersey Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93