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124 Bay St Jersey City, NJ ...

Daily Provisions Leases 3,134 SF Retail Space At 124 Bay Street In Jersey City, NJ
LEASEDRetail

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

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker
KABR Group
KABR GroupLandlord

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